According to some of the key highlights from this week, gold prices slightly declined amid a stronger-than-expected U.S. employment report and rising expectations that the Federal Reserve will not proceed with a rate cut at its December meeting. On the last trading day of the week, spot gold traded at 4,045 dollars per ounce, while gram gold stood at around 5,500 lira.
In Türkiye, the Housing Price Index (HPI) increased by 1.6% month-on-month in October. Compared with the same month of the previous year, housing prices rose 31.6% in nominal terms but declined by 1.0% in real terms, indicating a continued downward trend in inflation-adjusted housing prices.
In the Euro Area, consumer confidence remained unchanged in November at -14.2, falling slightly short of expectations, which were around -14. The data signal that weak consumer sentiment persists across the region.
In the United States, the Federal Reserve released the minutes of the Federal Open Market Committee (FOMC) meeting held on 28–29 October. The minutes revealed that some members supported an additional rate cut in December, while others argued that the current policy rate should be maintained, highlighting the growing divergence of views within the Fed.
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