[MARKET UPDATE] Metal prices advance in early trade with spot gold (+1.0%) reclaiming the USD 5,000/oz level and spot silver (+2.3%) reapproaching USD 80/oz
Metal prices are gaining momentum with spot gold breaking the significant psychological level of USD 5,000/oz and silver approaching USD 80/oz.
Japanese Overtime Pay YoY (Dec) Y/Y 0.9% (Prev. 1.2%)
Japanese Overtime Pay YoY (Dec) Y/Y 0.9% (Prev. 1.2%)
[MARKET UPDATE] Metal prices advance in early trade with spot gold (+1.0%) reclaiming the USD 5,000/oz level and spot silver (+2.3%) reapproaching USD 80/oz
US President Trump congratulates Japanese PM Takaichi and her coalition on a landslide election victory
[MARKET UPDATE] US equity futures reopen with mild gains after last Friday's rebound, oil futures are down around 1.3% with US-Iran talks to continue early this week, while JPY weakens following PM Takaichi's landslide election victory
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This advance can signal growing demand or geopolitical tensions, which often drive investors towards safe-haven assets like gold and silver. Traders should watch for any implications on inflation hedges and shifts in currency dynamics as these price levels could also influence broader market sentiment.
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