Weekly review: Gold, USD, EURUSD and Dow Jones

Weekly review: Gold, USD, EURUSD and Dow Jones

A busy week is ahead for global markets. Meetings of major central banks with ECB, BOE and FOMC on the horizon return this week. On the other hand, traders should also focus on consumer price data on Tuesday for further insight into the timing of higher rates.

Oil prices plunges to 12-month low

Oil prices plunges to 12-month low

Crude oil prices fell heavily on Tuesday weighed down by the strong US dollar and fuel demand worries. U.S. West Texas Intermediate crude dropped below $74 per barrel, the lowest since December 2021 while Brent crude fell below $80 for the first time since January.