Commodity Roundup: Brent Tops $81/bbl After Fresh U.S. Sanctions Against Russia

Seeking Alpha18:59

After the recent surge in gold prices, what will happen next? Latest gold price trade analysis from FXStreet's senior Analyst highlights these resistance and support levels.

In the European market early on Monday, spot Gold is maintaining a slight downward trend, currently priced around 2686 dollars per ounce. FXStreet Senior Analyst Dhwani Mehta noted that after last week's continuous rise in Gold prices, buyers appear to be exhausting. Mehta warned that Gold prices may face pressure from profit-taking.

FX16816:39

The gold price is close to the first target! Breaking through this level will open up room for a significant increase. Renowned institutions' latest intraday Trade analysis of Gold.

#Gold Technical Analysis# 24K99 News On Monday (January 13th) in the Asian market close, spot gold maintains a strong trend, with the current gold price around $2691 per ounce.

FX16814:34

Shocking! "This country" has confirmed the discovery of massive Gold reserves. Foreign media: The gold mine could reshape the country's financial landscape.

A large amount of gold mines has been discovered in the Indus River in Pakistan, estimated to be worth up to 600 billion Pakistani rupees, which could potentially reshape the country's financial landscape.

FX16813:18

With the inflation expectations strengthening, gold prices are rising, and the Copper LC price difference is widening again.

Last week, the market continued to move toward the narrative of strong economic resilience, a solid labor market, and increasing re-inflation expectations, with both gold and copper strengthening. Initially, there were concerns in the market about Trump imposing tariffs on refined copper imports, which widened the price gap between COMEX copper and other regions, and the rebound in COMEX copper prices was particularly pronounced. Subsequently, crude oil rebounded sharply due to concerns over the USA's sanctions on Iran, coupled with strong non-farm payroll data on Friday and hawkish statements from Federal Reserve officials, leading to a continued reduction in market expectations for interest rate cuts from the Federal Reserve this year.

CME Group10:36

A major news update has just emerged regarding the Middle East ceasefire negotiations! Gold prices have just sharply fallen, dropping below 2680 dollars. How to trade Gold?

On Monday, during the Asian market session, spot Gold suddenly fell sharply in the short term, with the price briefly dropping below $2,680 per ounce. On the news front, there was significant news regarding the ceasefire in the Middle East, which boosted market risk appetite and thus impacted the trend of Gold prices.

FX16810:04