Distributors(IN00365.US)

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Spot gold may retest resistance at $5,598

Spot gold is expected to retest resistance at $5,598 per ounce, with a potential rise to the $5,670 to $5,697 range if this level is breached. The resistance corresponds to a 476.4% projection level from an uptrend starting at $5,046. Current wave patterns indicate a final wave cycle from $4,988, suggesting further upward movement. Long-term projections indicate a climb to between $6,411 and $7,045 following a break of key resistance at $5,387. This analysis is provided by Wang Tao, a Reuters market analyst.

Reuters·
US
GDXJ
+2.04%
US
GLD
+3.88%
US
GOLD
+5.55%
Reuters·
US
GDXJ
+2.04%
US
GLD
+3.88%
US
GOLD
+5.55%

PRECIOUS-Gold nears $5,600/oz as investors seek safety, silver eyes $120

Spot gold has surged over 27% in 2026, nearing $5,600 per ounce as investors seek safety amid geopolitical and economic tensions. It reached a record high of $5,591.61, driven by strong demand and central bank purchases. Analysts suggest gold is evolving into a reliable store of value. Meanwhile, spot silver hit a record of $119.34, supported by investor demand and supply shortages. The Federal Reserve maintained interest rates, and geopolitical tensions continue to influence market dynamics. Platinum and palladium prices also fluctuated, with platinum rising and palladium declining.

Reuters·
US
NEM
+3.90%
US
GOLD
+5.55%
US
GDXJ
+2.04%
Reuters·
US
NEM
+3.90%
US
GOLD
+5.55%
US
GDXJ
+2.04%

GLOBAL MARKETS-Asia tech streak takes a timeout, gold keeps climbing

Asia's tech stocks paused after a strong January rally, with mixed earnings causing caution ahead of Apple's results. The dollar weakened despite support from U.S. and EU officials. Gold and silver reached record highs as investors sought physical assets, while oil prices rose amid geopolitical tensions. The U.S. Federal Reserve maintained interest rates, with Chair Powell noting an improving economic outlook. Microsoft shares fell due to high capex spending, while Meta's strong guidance boosted its stock. Investors are now focused on Apple's upcoming earnings report.

Reuters·
US
GOLD
+5.55%
US
GBUG
+2.74%
US
GDX
+2.63%
Reuters·
US
GOLD
+5.55%
US
GBUG
+2.74%
US
GDX
+2.63%

The total market capitalization of tokenized gold and silver has surpassed $6 billion, setting a new all-time high.

According to Coingecko data, the total market capitalization of tokenized gold and silver has surpassed the $6 billion mark, currently standing at approximately $6.295 billion, continuing to set new historical highs. Tokenized gold accounts for approximately $5.814 billion, representing the majority of the market, while tokenized silver accounts for approximately $481 million, with both sectors showing upward trends.

CoinLive·
US
GOLD
+5.55%
US
GDX
+2.63%
US
RING
+3.16%
CoinLive·
US
GOLD
+5.55%
US
GDX
+2.63%
US
RING
+3.16%

CICC: The expectation of interest rate cuts can only rely on the new chairman of the Federal Reserve?

CICC analysis pointed out that the Federal Reserve's decision to maintain the benchmark interest rate unchanged at the January FOMC meeting met market expectations. The December meeting conveyed a signal of no further rate cuts, with CME interest rate futures indicating a 97% probability of no rate cut in January. The first rate cut of the year is expected in June. Market reactions were muted, with U.S. Treasury yields rising slightly, the dollar strengthening, and gold prices increasing. Analysts believe that the Federal Reserve does not need to frequently cut rates, but only requires minor adjustments to balance economic growth and inflation risks

Wallstreetcn·
US
GDX
+2.63%
US
GOLD
+5.55%
US
NEM
+3.90%
Wallstreetcn·
US
GDX
+2.63%
US
GOLD
+5.55%
US
NEM
+3.90%
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Precious metals continue to rise as US dollars weakens amidst Fomc tonight. Interesting one to watch out for

Gold and silver looks like overcrowded trades typical of FOMO driven moves. As long as Big Tech continues delivering, I believe the path of least resistance is up.

My guess for the Fed’s decision tomorrow, no interest rate cut. It is most likely to maintain a neutral policy stance. In his forward guidance, Chair Powell is expected to emphasise a wait-and-see app...

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