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Weekly Markets Monitor: Venezuela’s ripple effect
Last week, US data showed strong jobs and housing trends amid a widening FOMC policy divide. In the Eurozone, inflation eased while manufacturing contracted. In Asia, China’s factory activity rebounded, yet India’s PMI hit a two-year low. Global equity markets ended mixed amid thin year-end holiday trading, while longer-dated US Treasury yields, the dollar, and crude oil all moved higher. The recent US military action in Venezuela underlines that geopolitical instability is likely to continue as a key factor driving gold, as it was for much of 2025. (C.O.T.W). Yet the impact on gold in the medium-term isn’t so ... (full story)