12 January 2024 – 09:20 Central Euro Time

The Metals Triumvirate and Oil are the BEGOS Markets’ winners at present; the other components are within today’s Neutral Zones, and volatility is again mostly light. Last Saturday’s (and still current) edition of The Gold Update introduced the notion that inflation may not be cooling, and we saw evidence of that in yesterday’s CPI data for December; today the Econ Baro looks to the wholesale level of inflation via December’s PPI. Gold (presently 2043) has thus far seen the session’s low at 2034 which is the most dominantly-traded Market Profile price across the past two weeks. Q4 earnings ought get more notice through these next several trading days as financial institutions’ results begin to arrive, (see too the website’s Earnings Season page for the overall picture).