21/01/2026 Daily Reports
- Tariff Threat Withdrawn: Gold prices fell as much as 1.2% today, dropping to around $4,791/oz. This follows President Trump’s announcement from Davos that he has agreed to a “framework for a future deal” over Greenland with NATO’s Mark Rutte, leading to the cancellation of planned 10% tariffs on European allies.
- Retreat from Record Highs: The pullback comes just a day after bullion hit a historic peak of $4,888/oz on Wednesday. The “fear premium” associated with a potential transatlantic trade war has significantly receded.
- Goldman Sachs Bullishness: Despite the daily drop, Goldman Sachs raised its year-end gold forecast to $5,400/oz (up from $4,900). Analysts cite structural “weaponization of supply chains” and persistent central bank diversification as long-term drivers.
- Silver’s Resilience: Silver fell to $93/oz early today but showed relative strength by recovering quickly. The metal has tripled over the past year, driven by a historic physical supply squeeze and massive retail accumulation.
- Fed Independence in Focus: Trust in the USD remains shaky as the Supreme Court heard arguments yesterday regarding Trump’s attempt to fire Fed Governor Lisa Cook. While the Court signaled skepticism toward the firing, the ongoing political pressure on the Fed continues to support the “debasement trade” in metals.
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
Global markets rebounded as easing geopolitical rhetoric from the U.S. lifted risk appetite and reduced demand for safe havens. U.S. equity indices led gains, with the S&P 500 posting its strongest daily advance in two months, while European futures moved sharply higher, pointing to a positive open for the DAX and broader regional markets. The relief rally came as tariff threats were dialed back and fears of further escalation with U.S. allies faded, helping volatility retreat and stabilizing sentiment across equities.
In currency and commodities markets, the dollar strengthened as haven demand unwound, pushing the euro lower, while gold pulled back from record highs after a strong run. Asian equities followed Wall Street higher, with notable strength in technology-heavy markets, supporting Nikkei and regional benchmarks. Despite the improved tone, investors remain cautious about fully reversing defensive positioning, keeping upcoming macro data and policy signals in focus as key drivers for Dow, S&P 500, Nasdaq, DAX and Nikkei performance in the near term.
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
