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Gold breaks higher after consolidation – Société Générale

Gold has broken out of a narrow consolidation above its December peak, signaling a renewed upswing in bullish momentum, Société Générale's FX analysts note.

Gold targets $4,765 as uptrend reasserts

"Gold crossed the December peak last week and evolved within a narrow range. It has now broken out of this consolidation with a gap, signaling a resurgence of upward momentum."

"Gold is likely to inch higher gradually towards the upper boundary of a steep ascending channel near $4765 and projections around $4850. The December high at $4550/$4535 may serve as an important short‑term support."

Japan’s PM Takaichi to dissolve Parliament on January 23, calls snap election

Japanese Prime Minister Sanae Takaichi announced plans to dissolve Parliament on January 23 and call a snap general election, according to Reuters.
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Oil slips as tariff threats spark risk-off – ING

The Oil market is under pressure in early-morning trading today, amid a broader risk-off move. President Trump threatened a 10% tariff on several European countries that oppose his Greenland plans.
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