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  • Vehicle Sales Forecast: Vehicle Sales to Increase in January

    From calculatedriskblog.com

    From WardsAuto: U.S. Light-Vehicle Sales to Rise 5th Straight Month in January; Q1 Forecast for 4% Gain (pay content). Brief excerpt: The bottom line is raw volume is growing, albeit slowly, with a forecast year-over-year gain in January, as well as the entire first quarter. Because of the chaos of the past three years, January’s upward spike to a 15.6 million-unit seasonally adjusted annual rate from December’s 13.4 million is more a result of disruption to typical year-end seasonal trends than a sudden surge in demand. This graph shows actual sales from the BEA (Blue), and Wards forecast for January (Red). The ... (full story)

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    Germany sees brighter outlook for Europe’s largest economy

    From apnews.com|Jan 25, 2023

    The German government on Wednesday said it expects to eke out economic growth this year instead of a decline as Europe’s largest economy manages its energy divorce from Russia and ...

    Macklem: We're not even thinking about cuts to interest rates right now; We're pausing to assess...

    From @breakingmkts|Jan 25, 2023|1 comment

    tweet at 3:29pm: BANK OF CANADA GOVERNOR TIFF MACKLEM SAYS 'WE'RE NOT EVEN THINKING ABOUT CUTS' TO INTEREST RATES RIGHT NOW BOC'S MACKLEM: THE QUESTION WE'RE ASKING OURSELVES IS 'HAVE WE DONE ENOUGH? WE'RE PAUSING TO ASSESS WHETHER WE'VE DONE ENOUGH' tweet at 3:30pm: BOC'S MACKLEM: BIGGEST NEAR-TERM ECONOMIC RISK TO CANADA WOULD BE IF RAPID REOPENING OF CHINESE ECONOMY CAUSED GLOBAL COMMODITY AND OIL PRICES TO RISE

    Visualizing the New Era of Gold Mining

    From visualcapitalist.com|Jan 25, 2023

    Between 2011 and 2020, the number of major gold discoveries fell by 70% relative to 2001-2010. The lack of discoveries, alongside stagnating gold production, has cast a shadow of ...

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    Why Did the Bank of Canada Hit Pause on Interest-Rate Hikes?

    From youtube.com/bloombergquicktakenow|Jan 25, 2023

    Following a record series of interest rate hikes that lifted its key interest by 425 basis points within 10 months, the Bank of Canada became the first major central bank to ...

    Gold Price Forecast: XAU/USD eyes $1,950 as US Dollar Index cracks, US Q4 GDP eyed

    From fxstreet.com|Jan 25, 2023|2 comments

    Gold price (XAU/USD) is aiming to test the $1,950.00 resistance for the first time in the past nine months as the US Dollar Index has faced immense pressure. The precious metal ...

    Metals Market Commentary: Todd Colvin, 1/25/23

    From youtube.com/cmegroup|Jan 25, 2023

    USD weakness lifts gold above $1,940. Todd Colvin discusses.

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  • Posted: Jan 25, 2023 4:22pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 48
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