BANK OF ENGLAND HOLDS INTEREST RATES AT 4.75% AFTER INFLATION UPTICK
The Bank of England kept interest rates at 4.75% during its final meeting of the year.
This decision came after U.K. inflation rose to an eight-month high.
Market
Economists widely anticipated the rate hold due to concerns about persistent services inflation and wage growth.
GOLD PRICE FORECAST: XAU/USD BUYERS LOOK TO $2,750 ON TRUMP’S TARIFF THREATS Gold price is rising towards $2,750, retesting a one-month high. Trump’s tariff threats are creating risk aversion, weakening the US Dollar and boosting Gold. The technical setup for Gold remains bullish, suggesting further
China’s imports of Russian oil reached a record high in 2024, rising by 1% compared to 2023. China imported abo The increase is due to high demand from refineries, state-owned oil companies, and a government plan to store more oil. Overall, China’s total oil imports fell by 1.
Norges Bank Likely to Keep Rates at 4.50%: Analysts expect the interest rate to stay at this level. Data Shows Slightly Hawkish Trend: Recent data suggests more pressure for rate hikes, even though core inflation dropped unexpectedly in December. Factors Supporting Tightening: Global interest rates, especially in the U.
BITCOIN WELCOMES TRUMP WITH NEW RECORD HIGH ABOVE $109,000 Bitcoin hit a new record high above $109,000 on Monday. The surge followed Donald Trump’s victory in the US presidential election in November. Bitcoin reached this new high ahead of Trump’s inauguration ceremony later in the day.