Anasayfa Blog Market Analysis Weekly Market Analysis 24 July 2023

Weekly Market Analysis 24 July 2023

by Buse Kozok
Weekly Market Analysis  24 July 2023

Last week, UK and Eurozone inflation data were followed. In the UK, consumer price index increased by 0.1% monthly in June, below the expectations, while annual inflation, which was 8.7% in May, decreased to 7.9% in June. Inflation thus fell to its lowest level since March 2022. In the Euro Area, the consumer price index increased by 0.3% monthly in June and annual inflation fell to 5.5%. Let's look at the ounce of gold, we saw an upward movement in the ounce before the Fed's rate decision, hovering around $ 1,980 and around. Fed rate decision will be announced on the 26th this week, expectation is 5.5% Fed rate decision will be announced on the 26th this week, expectation is 5.5%

If the interest rate decision is as expected, a pullback can be seen in the ounce. Let's follow together!

İLGİLİ GÖNDERİLER

×