[MARKET UPDATE] XAU falls alongside pressure in US equity futures
Today's market update indicates that XAU (gold) is experiencing a decline, likely influenced by the downward pressure in US equity futures.
German HCOB Composite PMI Flash (Jan) 52.5 vs. Exp. 51.6 (Prev. 51.3)
German HCOB Manufacturing PMI Flash (Jan) 48.7 vs. Exp. 47.8 (Prev. 47.0)
[MARKET UPDATE] XAU falls alongside pressure in US equity futures
Ukrainian President Zelensky says he discussed with US President Trump additional air defence missiles, and provisions for PAC-3 & anti-ballistic missiles
French HCOB Composite PMI Flash (Jan) 48.6 vs. Exp. 50.1 (Prev. 50.0)
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This correlation suggests that investor sentiment may be shifting towards risk-on attitudes, prompting a sell-off in safe-haven assets like gold. Traders should monitor equities for further direction, as continued weakness could lead to additional declines in gold prices.
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