الذهب سجل أفضل أداء أسبوعي على الإطلاق في الأسبوع الماضي
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02:09 and that's a fact - that there are positive and negative factors that are affecting specific branches.
02:13 We saw, of course, that prices are benefiting from the strength of industrial activity in China, which recorded in last week a surplus of almost 6.7 percent.
02:21 It was higher than expected.
02:23 There are also expectations that the government in China will interfere in the real estate sector, and this is expected to have a positive effect on oil prices, which may increase demand.
02:32 On the other hand, geopolitical tensions are also having a positive effect on oil prices.
02:37 But yes, there is an expectation that demand will decline, according to the International Energy Agency.
02:41 But on the other hand, the OPEC was the opposite of these expectations.
02:44 It was expected that demand for Brent oil or oil in general would rise in the coming periods.
02:50 Now, as for Brent oil, we want to see if the central banks will stick to the strict monetary policies.
02:56 If we see this, and if we don't see a drop in interest rates, at least in the near future,
03:01 this will certainly have a direct impact on the economy, especially since the economic data indicate a weakening of the global economy, especially in the United States.
03:10 So, we want to see if the interest rates continue to be high and the federal interest rates do not decrease,
03:15 we expect to see a stable economic situation that may have a negative impact on oil prices.
03:21 But on the other hand, we want to see the effect of monetary policy and the effect of geopolitical tensions to any extent.
03:28 If we talk about the short-term technical aspect, the 84-dollar interest rate for Brent oil is an important level,
03:35 if it exceeds it, we expect to see more increases in the short term.
03:40 Sarah, these events that you mentioned, how could they affect the US indicators that tried to reach new levels previously?
03:50 Psychologists say that investors are going to monitor more data.
03:56 We have seen the US indicators, especially the Dow Jones, Nasdaq, S&P 500, all of these indicators.
04:02 Last week, they recorded high levels, so these indicators benefited from the results of the US companies that continue to achieve good profits and exceed expectations.
04:14 On the other hand, we know that the indicators or stocks are somewhat sensitive to interest rates.
04:19 Last week, we saw an increase in interest rates at least twice this year,
04:24 considering that there was a regression in inflationary measures that could reduce the extent of monetary policy.
04:32 So, the investors or the stocks benefited from these factors.
04:37 We see that the results of the companies are still announcing their results,
04:41 and next week, Nvidia will announce their results.
04:44 So, the main driver of the prices of stocks and companies is the results of the business and the monetary policy.
04:52 Now that the prices have reached the level of the indicators,
04:54 we expect to see a correctional move before the upward trend continues in the coming period.
05:01 Sarah Al-Yasseri, Financial Markets Analyst at CFI, you were with us from Amman. Thank you very much.