MARKET NEWS

Commerzbank Economists Sound Alarm on Swedish Krona, Urge Swift Riksbank Action:

Economists at Commerzbank have expressed concern about the Swedish krona, warning that it could come under pressure if the Riksbank does not act quickly. Although inflation expectations have not been met, the krona appears to be holding up well for now. However, the experts warn of potential problems in the medium term, especially if October's inflation data are extreme. They stress the urgency of the Riksbank taking decisive steps to ward off future pressure on the krona.

Commerzbank Economists Forecast Delayed Surge for Gold Prices, Citing Short-Term Exhaustion:

Commerzbank economists do not expect the price of gold (XAU/USD) to breach the $2,000 mark until the middle of next year. Despite favourable UK inflation data, which makes a Fed rate hike in December unlikely, they believe that gold's upside potential is probably exhausted in the short term. They suggest that the gold market will not rally further until some time has passed and speculation about an imminent US rate cut has begun. Thus, they do not expect gold to break through $2,000 until the middle of next year.