Precious metal and commodities concluded their final trading session of the last week on a modestly positive note while major U.S. indexes closed mixed on Wall Street after several Federal Reserve officials flagged the likelihood of continued interest rate hikes despite the soft inflation signals.
This week the economic calendar will bring investors the fourth quarter US GDP report, PCE price index and durable goods orders data. The main event on the calendar for monetary policy this week is the meeting of the Bank of Canada on Wednesday. While Chinese markets will be shut for China’s week-long Lunar New Year holiday.
Check out the detailed weekly analysis report here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-64