Central Banks

Global markets brace for a data-heavy week featuring U.S. inflation, employment reports, and central bank updates, while Julius Baer analyzes surging fuel prices and potential U.S. export curbs.

A record 45% of central banks plan to increase their gold reserves. Fears of inflation, geopolitical conflicts, and economic crises are accelerating purchases. The desire to reduce dependence on the dollar is also pushing countries to stock up on the metal, which is considered a safe haven in times of uncertainty.

The decision to leave the interest rate unchanged turned out to be only temporary, as the fear of disruptions in energy routes and the rise in oil prices are shuffling the cards for central banks. Ofer Klein analyzes the market situation.

The combination of the war against Iran and stubborn inflation is driving a dramatic policy shift in Europe, the United States, and Japan. Julius Baer provides a special analysis on the expected impact on equity and FX markets.