🟡 Gold in record mode: The rally has accelerated again, with gold breaking decisively above $5,500 and reaching the $5,580/oz area. Today’s gain is around +3%, while YTD performance has surged to +29%, marking the strongest start to a year in more than three decades. The move is broad-based across precious metals - silver is up about 3% near $120, platinum gains roughly 3.5%, and palladium adds over 2%. Several major banks are now openly discussing $6,000/oz scenarios for 2026.
💵 FX: The US dollar has resumed its sell-off following the Fed decision. The dollar index is lower, EUR/USD is edging higher, while USD/JPY is slipping. The Australian dollar is the strongest G10 performer, supported by rising expectations of an RBA rate hike, stronger Australian trade data, and improved sentiment linked to China.
🌏 Asia-Pacific: Risk sentiment has improved after reports of easing regulatory pressure on Chinese property developers. Chinese equity indices are higher by around 0.9–1.6%, supporting regional equities and commodity-linked currencies.
🛢️ Oil: Crude prices remain firm, extending recent gains as geopolitical risks stay elevated and supply-side concerns continue to underpin the market.
🪙 Crypto: bitcoin is consolidating near recent highs in the upper-$80K area, as traders balance strong risk appetite against shifting expectations for US monetary policy.
💻 US tech highlights:
🚗 Tesla beat adjusted EPS expectations and surprised positively on margins, while announcing plans to phase out Model S and X production next quarter and retool the Fremont factory for humanoid robot manufacturing.
☁️ Microsoft delivered beats on both revenue and EPS, with cloud growth remaining a key driver and a very strong future revenue pipeline.
📱 Meta also beat expectations on revenue and earnings, supported by robust advertising performance, although losses at Reality Labs widened.
🗓️ Today’s key data:
🇪🇸 Retail Sales (December)
🇺🇸 Weekly Jobless Claims
🇺🇸 Durable Goods Orders (November)
⚡ What to watch: With gold at record highs and multiple asset classes moving in parallel, today’s US data could quickly reshape rate expectations and fuel further volatility.
📲 Stay sharp and trade smart with NordFX today.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Leave Your Message Now