[MARKET UPDATE] Precious metals continuing to bid higher, as XAU nears USD 5k/oz (currently at USD 4960/oz) while XAG tops USD 97/oz
The continued rise in precious metals prices, particularly gold nearing USD 5k/oz and silver topping USD 97/oz, reflects heightened demand likely driven by economic uncertainty and potential inflation hedging.
PBoC sets USD/CNY mid-point at 6.9929 vs exp. 6.9481 (prev. 7.0014)
US President Trump says mortgage rates hit a 3-year low despite "Too Late" Powell; the Fed has been discredited during Chair Powell's reign
[MARKET UPDATE] Precious metals continuing to bid higher, as XAU nears USD 5k/oz (currently at USD 4960/oz) while XAG tops USD 97/oz
PRE-MARKET CHINESE STOCK NEWS
PREVIEW: BoJ announcement due Friday, 23rd January 2026; announcement due any time from the Tokyo lunch break
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This trend may influence broader market sentiment and could lead to shifts in investment strategies across asset classes, particularly in risk-off scenarios.
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