31 January 2025 – 08:34 Central Euro Time

Gold yesterday achieved our anticipated All-Time High in eclipsing the 2802 level (February); the “continuous contract” now being on April (including the 27 points of fresh premium as herein noted in Wednesday’s comment) currently finds price at 2850; more of course tomorrow in the 794th consecutive Saturday edition of The Gold Update. At present for the BEGOS Markets we’ve the Bond below its Neutral Range for today, whilst above same is the Spoo; session volatility is yet again light. Amongst the correlations of the five primary BEGOS components, the best currently is negative between the Bond and Spoo. And (save for Oil), the seven other components are all in 21-day linreg uptrends (see Market Trends). ‘Tis a highly-visible data day for the Econ Baro, the incoming metrics being Q4’s Employment Cost Index, January’s Chi PMI, and December’s Personal Income/Spending featuring the “Fed-Favoured” Core PCE.