Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C. 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
The central bank of Philippines is expected to adopt a final rate hike of 25 basis points to 4.75 percent at their December monetary policy meeting, according to the latest report from ANZ Research.
At 6.7 percent y/y in October, headline CPI inflation remained unchanged from last month. However, excluding rice, inflation eased to 6.3 percent y/y in October. On this measure, this is the first such easing after 11 months.
By contrast, core inflation ticked up to 4.9 percent from 4.7 percent y/y prior, the highest since April 2009. On a sequential basis, the CPI index increased by 0.3 percent m/m in October. This marks the slowest pace of increase in four months.
Food prices increased by 0.1 percent m/m in October from 1.8 percent m/m in September. Slower food prices have eased in response to the government’s efforts to augment domestic supply through imports. Barring healthcare costs, other components of CPI basket either eased or remained stable during the month.
"We now think that inflation has peaked. However, bringing inflation back to BSP’s target range of 2-4 percent will nonetheless, require more policy response in our view," the report added.
