Gold

Gold prices show corrective growth at the end of the trading week, retreating from the local lows from November 3, updated the day before. Technical factors contribute to the positive dynamics in the instrument, while the news background changes insignificantly. Traders are awaiting today's publication of the November US labor market report, hoping that the US Fed will soon react to the supposedly strong data by tightening its rhetoric. Earlier this week, the Chairman of the regulator, Jerome Powell, confirmed the systemic nature of inflation in the country, noting that the Fed may need additional efforts to stabilize its pace. At the same time, the European Central Bank and the Bank of England are still taking a wait and see attitude, analyzing data on the incidence of a new strain of coronavirus. Previously, the markets predicted that the British regulator may raise the interest rate in December in response to the rapid rise in inflation.