Gold and silver had the correction which we had expected to see.

The major Europe stock markets had a green day today.

The US Dollar outperforms against most major peers on Friday ahead of the US PCE data release.

The renewed threat of a 25% tariff on Canada and Mexico as soon as tomorrow has lifted the US dollar broadly and has not derailed the firmer tone in global equities.

he US dollar has fallen a bit during the course of the trading session on Thursday, but we continue to see plenty of buyers in this market.

EUR/USD declines to near 1.0370 as inflation in six states of Germany decelerates in January. Donald Trump threatens to impose 100% tariffs on BRICS and 25% on Mexico and Canada. The Fed kept interest rates at their current levels on Wednesday.

Having traversed above the 1.05000 ratio late last week and early this one, the EUR/USD has seen selling develop once again and is battling to remain above the 1.04000 level.

The NZDUSD is currently in a corrective phase, labeled as wave 2, within a larger counter-trend movement inside wave 1.

The European Central Bank lowered borrowing costs by 25-bps as expected. The greenback rebounded on Thursday after Trump repeated his tariff plans. The US economy expanded by 2.3%, missing forecasts of 2.7%.

The GBP/USD exchange rate pulled back slightly after the Federal Reserve interest rate decision and US GDP data.

The Pound Sterling trades sideways against the US Dollar above 1.2400 as investors focus on the US PCE inflation data for December.

CAD and MXN tumbled yesterday as Trump reiterated that he will impose 25% tariffs on both countries by tomorrow.

In this video, Ira Epstein reviews the day's trading in the gold and other relevant metal markets.

U.S.

Gold soared towards 2,800 USD per ounce on Friday, setting a new all-time high.

Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD?

Short Term Elliott Wave View in Gold (XAUUSD) suggests that rally from 1.14.2025 low is in progress as an impulse. Up from 1.14.2025 low, wave (i) ended at 2724.74 and wave (ii) ended at 2689.28.

ETH/USD is in a correction phase of Wave (2). If the price holds above the key support level, there is a high chance of entering Wave (3) with a new uptrend target.

The Australian Dollar (AUD) attempts to halt its losing streak against the US Dollar (USD) on Friday.

The Japanese Yen (JPY) attracts buyers for the third straight day on Friday and remains close to over a one-month high touched against its American counterpart earlier this week.

In this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Thursday, January 30.

PCE inflation rises 2.7% y/y, exceeding forecasts. Core PCE holds at 2.8%. Fed raises 2025 inflation outlook. Dollar and Treasury yields increase.

EUR/USD shifted lower for a fourth consecutive trading day on Thursday, peaking near 1.0450 before softening to shed one-fifth of one percent on the day and ending just below the 1.0400 handle as the Euro’s near-term bull run draws to an end.

Gold price skyrockets to a new all-time high of $2,798 on Thursday after economic data from the US indicated the economy is slowing down, warranting the Fed to lower interest rates despite holding them steady at Wednesday’s meeting.