The markets are awaiting a bundle of data this coming week. The following will summarize the top four events that are expected to have a remarkable effect on financial markets and gold.

U.S. economic growth measured by the Real Gross Domestic Product (GDP) expanded by 2.7% in the fourth quarter on a yearly basis, the U.S. Bureau of Economic Analysis (BEA) second estimate showed.

Gold prices fluctuated after the release of strong U.S. economic data that signaled the world’s biggest economy is resilient and thereby raised bets the Federal Reserve would continue monetary tightening.

U.S. consumer prices inflation slowed in January to 6.4% from a year ago, compared to 6.5% in December, data released by the Bureau of Labor Statistics on Tuesday showed.

A recent report by the World Gold Council said that Egypt succeeded in increasing its gold reserves at the Central Bank of Egypt (CBE) during 2022 to come in third place worldwide, following the Central Bank of Turkey and the People’s Bank of China r

قال تقرير حديث لمجلس الذهب العالمي أن الدولة المصرية نجحت في زيادة احتياطي الذهب لديها داخل خزائن البنك المركزي المصري خلال عام 2022، لتأتي بذلك في المرتبة الثالثة عالمياً وذلك بعد البنك المركزي التركي في المركز الأول وبنك الشعب الصيني في المركز الثا

Demand for gold coins and bars in Egypt rose by 83% in 2022, as the Egyptian pound saw significant drop versus dollar and due to a marked rise in inflation, according to the World Gold Council’s report.

Spot gold was up to 1925 an ounce, its highest level since late April, after the release of US economic data that provided clues that the Federal release may slow its interest rate hike pace in the coming period.

Two-thirds of chief economists surveyed by the World Economic Forum (WEF) at Davos expect a global recession in 2023, citing high inflation, low growth, high debt and high fragmentation environment.