@goldavailable4sale: Expectations for further policy easing by the US Federal Reserve (Fed) continue to drive flows towards the non-yielding yellow metal despite easing geopolitical tensions following US President Donald Trump's U-turn on Greenland. The momentum also seems rather unaffected by extremely overbought conditions on short-term charts, suggesting that the path of least resistance for the commodity remains to the upside. Trump announced on Wednesday that he was canceling his planned tariff on US allies in Europe over US control of Greenland after he and the leader of NATO agreed to a framework for a future deal on Arctic security. Moreover, Trump ruled out seizing Greenland by force, boosting investors' appetite for riskier assets. The immediate market reaction, however, turns out to be short-lived amid dovish Fed bets, which overshadowed Thursday's US economic data and dragged the US Dollar (USD) back closer to its lowest level since January 6, touched earlier this week. The US Bureau of Economic Analysis published the final reading of the third-quarter Gross Domestic Product, which showed that the economy expanded by 4.4%. The reading was slightly better than the second estimate of 4.3% and was also well above the 3.8% growth recorded in the previous quarter. A separate report revealed that the US Core Personal Consumption Expenditures (PCE) Price Index – the Fed's preferred inflation gauge – rose 2.8% YoY in November from 2.7% in the previous month. On a monthly basis, the gauge maintained a steady growth and climbed 0.2%. Adding to this, the US Department of Labour reported that initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 200,000 for the week ended January 17. The print was lower than consensus estimates for a reading of 212K, though it did little to provide any respite to the USD bulls amid the broader de-dollarization trend. Traders now look forward to the release of the flash PMIs for cues about the health of the global economy, which might influence the risk sentiment and drive the Gold, which remains on track to register strong weekly gains. #goldbar #millionaire #millionairemindset #luxury #UK

Mr timber Jarvis

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Saturday 24 January 2026 09:58:33 GMT