Platinum climbed to $1,650 this week as China launched physically settled futures and options, increasing transparency and attracting industrial, jewelry, and investor participation, Commerzbank's commodity analyst Carsten Fritsch notes.

The Silver price rose from $50 to more than $54 per troy ounce since the beginning of the week. The rise in the price of Silver thus eclipsed that of Gold. The Gold/Silver ratio subsequently fell to an annual low of just over 77, Commerzbank's commodity analyst Carsten Fritsch notes.

China’s appetite for Gold is slowing as imports fall to seven-month lows, while exports to Hong Kong surge, pushing net imports 45% below last year’s level, Commerzbank's commodity analyst Carsten Fritsch notes.

There have been numerous indications recently that refineries in India would purchase less Russian Oil due to US sanctions. However, this is not yet reflected in the figures.

Silver is approaching its record high, with Gold also rising, as markets price in further interest rate cuts and declining inventories in China boost momentum, Commerzbank's commodity analyst Barbara Lambrecht notes.

The Canadian Dollar (CAD) is soft, down a marginal 0.1% against the US Dollar (USD) as it performs relatively well against all of the G10 currencies with the exception of Japanese Yen (JPY), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

At the semi-annual OPEC+ meeting, the focus is expected to be more on details rather than a change in the short-term production strategy. Oil prices are unlikely to be significantly affected by this. Peace talks remain the key focus, Commerzbank's commodity analyst Barbara Lambrecht notes.

The US Dollar (USD) is entering Friday’s NA session with modest gains against most of the G10 currencies, supported by month end flows and a broader tone that appears somewhat fragile as market participants react to the CME’s outage, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret r

The Euro (EUR) trades on the back foot against the Swiss Franc (CHF) on Friday, with EUR/CHF hovering around 0.9318 as markets digest a fresh round of economic data from both sides of the bloc.

Canada’s economy picked up speed in the July-September period. Indeed, the Gross Domestic Product (GDP) grew by 0.6% QoQ in the third quarter, reversing the previous 0.5% contraction (revised from -0.4%), according to data released Friday by Statistics Canada.

Rabobank's RaboResearch Global Economics & Markets report indicates a painfully slow manufacturing recovery in the Eurozone, with industrial confidence remaining weak.

Canada Gross Domestic Product Annualized came in at 2.6%, above forecasts (0.5%) in 3Q

Canada Gross Domestic Product (MoM) meets expectations (0.2%) in September

Canada Gross Domestic Product (QoQ) up to 0.6% in 3Q from previous -0.4%

Annual inflation in Germany, as measured by the change in the Consumer Price Index (CPI), remained unchanged at 2.3% in November's preliminary estimate, Germany's Federal Statistical Office reported on Friday. This reading came in below the market expectation of 2.4%.

According to Rabobank, European markets have shown remarkable resilience this week, shrugging off France's fiscal woes and the European Commission's Excessive Deficit Procedure for eight countries.

Germany Consumer Price Index (YoY) below expectations (2.4%) in November: Actual (2.3%)

Germany Harmonized Index of Consumer Prices (MoM) above expectations (-0.6%) in November: Actual (-0.5%)

Germany Harmonized Index of Consumer Prices (YoY) came in at 2.6%, above forecasts (2.4%) in November

Germany Consumer Price Index (MoM) above expectations (-0.3%) in November: Actual (-0.2%)

The US Dollar is trading sideways at levels right above 156.00 against the Japanese Yen on Friday, after retreating from 10-month lows near 158.00 last week.

EUR/USD extends its reversal from highs above 1.1600 earlier on Friday, and trades near 1.1560 following a batch of mixed Eurozone figures, as traders brace for the preliminary German inflation report.

USD/CHF trades slightly higher on Friday, around 0.8060, up 0.15% at the time of writing. The pair remains on track for a weekly gain, supported by the persistent weakness of the US Dollar (USD) amid growing expectations of interest rate cuts by the Federal Reserve (Fed).

Gold (XAU/USD) holds steady on Friday after a bout of volatility sparked by the CME trading outage pushed prices off their intraday peak. At the time of writing, XAU/USD is trading around $4,172, with the metal on track to notch its fourth straight monthly gain.

Mexico Jobless Rate s.a down to 2.6% in October from previous 2.7%

South Africa Trade Balance (in Rands) fell from previous 21.76B to 15.58B in October

Mexico Jobless Rate below expectations (2.8%) in October: Actual (2.6%)

Gold (XAU/USD) keeps crawling higher, and is on track to close the week 2.7% higher, with the US Dollar weighed by rising bets of Fed monetary easing.

US Dollar (USD) is likely to consolidate within a range of 7.0680/7.0880. In the longer run, downward momentum remains strong; if USD breaks below 7.0600, the next level to watch is 7.0400, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Rabobank's latest market comments highlight a significant political setback for the French government, as the National Assembly failed to finalize the 2026 draft budget's first reading.