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market analysis
Silver plummets from highs as Trump threatens tariffs again
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market Analysis]: Silver plummets from highs, Trump threatens tariffs again". Hope this helps you! The original content is as follows:
In early Asian trading on Tuesday, January 27, Beijing time, the U.S. dollar index hovered around 97.06. On Monday, the U.S. dollar continued to weaken after falling to a four-month low against a basket of currencies, while the Japanese yen rose sharply on speculation of joint U.S. and Japanese intervention in the currency market. The U.S. dollar index finally closed down 0.436% at 97.04; the benchmark 10-year U.S. bond yield fell, finally closing at 4.2180%, and the 2-year U.S. bond yield, which is sensitive to the Federal Reserve's policy interest rate, closed at 3.598%. Precious metal prices hit new highs as a weak dollar boosted demand, but then fell back in volatile swings. Spot gold broke through 5,100 US dollars per ounce during the session. The US market fluctuated lower in the afternoon and fell below the 5,000 US dollars mark. It finally closed up 0.45% at US$5,008.55 per ounce. Spot silver reached 117 US dollars per ounce during the session. The ounce once soared 14% during the day, the largest intraday gain since the global financial crisis. Then it fell sharply from the high, erasing all gains during the day and turned negative. It finally closed up 0.4% at $103.625 per ounce. Spot platinum fell below US$2,600 per ounce and hit a new high of US$2,919 per ounce earlier, closing down 7.23% at US$2,570.20 per ounce. Oil prices edged lower as an improved supply outlook from OPEC+ member Kazakhstan overshadowed concerns that a winter storm of snow and freezing weather hitting large swaths of the United States would curb output. WTI crude oil closed down 0.78% at US$60.92/barrel; Brent crude oil closed down 0.69% at US$64.84/barrel. As many parts of the United States experience severe cold weather, demand for heating surges, while supplyThere have also been disruptions, with U.S. natural gas prices exceeding $7/MMBtu for the first time since 2022, up 40% from Friday's closing price, and prices in colder regions exceeding $200/MMBtu.
Analysis of major currency trends
U.S. dollar index: As of press time, the U.S. dollar is hovering around 97.06. The U.S. dollar index is www.xmtraders.coming under pressure as traders remain concerned about recent geopolitical developments and are betting that some funds will reduce their exposure to U.S. assets. Technically, the U.S. dollar index is trying to stabilize below the 97.10 to 97.25 support levels. If this attempt is successful, the U.S. Dollar Index will move to the next support level, located in the 96.35 to 96.50 range.



Gold and crude oil market trend analysis
1) Gold market trend analysis
In the Asian market on Tuesday, gold hovered around 5019.96. Precious metals have gained momentum as concerns over financial and geopolitical uncertainty mount. U.S. ADP employment change and consumer sentiment reports will be released later on Tuesday. Traders have flocked to the safe-haven asset amid concerns that U.S. President Donald Trump is damaging relations with key allies such as Europe and Canada. Trump threatened on Saturday to impose 100% tariffs on Canadian goods if Canada and China reach a trade deal, sparking trade concerns.fear of a renewed war.

2) Crude oil market trend analysis
On Tuesday in the Asian market, crude oil was trading around 60.89. The mild pullback follows reports that Kazakhstan's Tengiz oil field is preparing to resume production after a recent power outage disrupted water flows. Kazakhstan's Energy Ministry said on Monday that production at the country's largest oil field has resumed, Reuters reported.

January 26, 2025 Foreign Exchange Market Trading Alert
①22:00 US November FHFA House Price Index Monthly Rate
②22:00 US November S&P/CS Annual Rate of House Price Index in 20 Large Cities
③23:00 US January Conference Board Consumer Confidence Index
④2 3:00 US January Richmond Fed Manufacturing Index
⑤The next day at 05:30 US API crude oil inventories for the week to January 23
The above content is all about "[XM Foreign Exchange Market Analysis]: Silver plummets from high levels, Trump's tariffs threaten again". It was carefully www.xmtraders.compiled and edited by the XM foreign exchange editor. I hope it will be helpful to your trading! Thanks for the support!
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