... attractive in the short term. Nonetheless, fundamental drivers for demand for precious metals remain intact: inflation in Western economies is still above target levels, geopolitical tensions persist, and a potential shift in central banks' approach towards ... ..., which is preventing a decline in the dollar. In the EUR/USD pair, trading hovered around $1.18–1.19 per euro: the single European currency could not significantly break above, although the ECB, in its meeting on July 24, maintained the rate at 2.1%,...

... for the winter period than it was two years ago. However, experts warn of ongoing risks: a harsh winter could sharply increase demand even with full storage facilities, and competition with Asian buyers for new batches of LNG may intensify if Asian economies strengthen their growth. European regulators and energy companies continue to monitor the situation closely, ready to implement additional measures if necessary – from consumption restrictions to emergency fuel purchases. For now, the balance in the EU gas market appears relatively ...

... arrivals have accelerated storage filling; however, in the future, there could be stiffer competition for LNG from Asia if the economies of APEC countries begin to accelerate. Stabilization of Demand: Relatively mild summer weather and energy conservation ... ... factors (such as potential export restrictions from major producers) in case new challenges arise. Overall, the situation in the European gas market is favorable ahead of winter: high reserves and diversified supply routes provide price resilience. This is ...

... Central Bank Rate Decision (00:30 MSK) Investor interest is focused on the monetary policy course in one of the largest developing economies. Key Wednesday Reports (US and Russia) Pre-market: Macy's Inc (M): report at 14:55 MSK. Expected change: -2.7%. After ... ... shows the difference between exports and imports. The trade balance plays a key role in ruble exchange rate dynamics. Eurozone: European Central Bank Rate Decision (16:15 MSK) A key event for the currency market and debt instruments. Expectations concern ...

... barriers in the future. The eurozone economy stagnated in Q2 (~+0.1% q/q), and inflation decreased to ~3% (core ~3.5%). The European Central Bank maintained its rate on July 24 and indicated that the tightening cycle may soon conclude. The ECB's softened ... ... haven" in gold. Fundamental conditions are favorable for further price growth in precious metals: inflation in leading economies remains above target benchmarks, and the shift by central banks towards easing policy is only beginning – this supports ...