Commerzbank: Silver prices are expected to rise to $30 an ounce by the end of 2024, which would bring the gold/silver ratio down to 72.

Commerzbank: Gold prices are expected to rise further to $2,150 an ounce in the second half of next year.

Commerzbank: WTI crude oil prices are expected to reach US$75 per barrel by the end of the first quarter of next year and US$85 per barrel in the second half of 2024.

Dutch Motor Authority RDW: Tesla has contacted Tesla after recalling 2 million vehicles in the United States to fix autonomous driving safety defects. There is currently no Tesla recall plan in the EU.

Minutes of the Czech Central Bank’s November Financial Stability Meeting: Five committee members voted to lift the debt-to-income ratio cap, while two members voted to keep it unchanged.

European Central Bank Governing Council member Vasle: The current interest rate level will help restore the inflation rate to 2%.

ECB Governing Council member Villeroy: Europe will avoid recession, and the same goes for France.

ECB Governing Council member Villeroy: The schedule of the emergency anti-epidemic bond purchase program is completely independent of the ECB’s interest rate path.

Market news: Slovak truck drivers end blockade of Ukrainian border crossing.

ECB Governing Council member Villeroy: We have not provided a timetable for interest rate cuts.

European Central Bank Governing Council member Villeroy: The inflation rate in the euro area is expected to be 2.1% in 2025. This prediction also applies to France.

European Central Bank Governing Council member Villeroy: The European Central Bank will restore the inflation rate to 2% by 2025.

Bundesbank: Inflation rate is expected to be 2.7% in 2024, compared with the previous forecast of 3.1%.

ECB Governing Council member Villeroy: The European Central Bank hopes to convey a message of confidence and patience at its latest meeting.

Bundesbank: German GDP is expected to shrink by 0.1% in 2023, compared with the previous forecast of 0.3%.

ECB Governing Council Member Nagel: Tightening of monetary policy is increasingly effective.

Bundesbank: Germany’s GDP is expected to grow by 0.4% in 2024; the previous forecast was for growth of 1.2%.

Bank of Thailand: Thailand’s foreign exchange reserves fell to US$218.61 billion.

ANZ: Raised its 12-month gold price forecast to $2,200 an ounce from $2,150.