Joyce, just to pick up where we left off because we were talking about what we're seeing in the currency markets and what we're seeing with the dollar. Um, and so what are the dynamics just to pick this up and then throw it to our panel here um that are going to matter most. Well, so I would dis dismiss a lot of the talk about a Davos accord and even the DD dollarization I think that's exaggerated.But the weaker dollar, the bearish dollar trade, I think is here to stay and I think that is because we're at a ...

Key Takeaways Dollar weakness is a "tailwind" for gold prices, Morgan Stanley's metals and mining strategist says. Precious metals experts see gold's rally continuing, but they see a chance of near-term volatility as investors take profits. One asset's weakness can be another's strength. That concept has added fresh complexity to rising investor demand for gold. Case in point: Spot gold prices continue to rally, breaking past $5,300 on Wednesday following a drop in the greenback yesterday. While it ...

MATT: 30 MINUTES UNTIL THE START OF THE CASH TRADE. WE MAY CROSS 7000 ON THE S&P. I AM MATT MILLER. DANI: I AM DANI BURGER."BLOOMBERG OPEN INTEREST" STARTS RIGHT NOW. MATT: COMING UP, WE ARE ON THE BRINK OF THAT BIG ROUND NUMBER AT THE OPEN AS WALL STREET AWAITS FED DECISION AND SOME MORE MAG SEVEN ERGS. DANI: HELPING GET US THERE, TECH GETS ANOTHER BOOST.A. I. COMPETITION FORCES AMAZON TO CUT MORE JOBS.MATT: PRESIDENT TRUMP DISMISSES THE DOLLAR’S DROP STOKING BETS ON A MORE PROLONGED PERIOD OF WEAKNESS. DA ...

Stock image. Gold prices soared past $5,300 an ounce for a new record on Wednesday amid weakness in the US dollar, driving investors further away from currencies and into hard assets.Spot gold jumped more than 2% to $5,311.29 per ounce, building on a 3% gain from the previous session. Year to date, the metal has risen by almost 20%, a pace that would easily best last year’s performance (65%). Growing concerns over the value of US dollar, the world’s premier reserve currency, have sparked investment demand f ...

Gold (GC=F) futures jumped above $5,300 per ounce on Wednesday before easing as a weak dollar fueled the debasement trade, driving investors away from fiat currencies and government bonds. The US dollar stabilized on Wednesday after sliding to its lowest level in nearly four years as President Trump shrugged off concerns of an easing greenback. A weaker dollar has helped drive the price of bullion higher, extending year-to-date gains to 20%. "Dollar weakness is supercharging the rise in gold....adding ...

Market Overview - Crypto markets are experiencing a pause amid negative news, with Bitcoin's price stabilizing and gold prices rising significantly [1] - The USD index has decreased by almost 3% this week and over 10% in the last year, impacting risk assets [3] Government and Regulatory Environment - There is a 76% probability of a US government shutdown by January 31, which is causing caution among institutions [2] - Legislative progress on the US Crypto Clarity Act has slowed, contributing to market uncertainty [2] FOMC Impact - The Federal Open Market Committee (FOMC) meeting maintained interest rates at 3.50%–3.75%, with no early cuts expected [2] - The FOMC news is influencing capital flows, with gold outperforming equities and becoming a safe-haven asset [4] Gold and Bitcoin Comparison - Gold has reached an all-time high of $5,280 per ounce, outperforming the S&P 500 by over 100% [4] - Bitcoin is trading around $89,000, showing a slight increase of 1.2% on the day, but remains in a medium-term downtrend [6][8] - Tether holds over 140 tons of gold, valued at approximately $24 billion, highlighting gold's significance in the current market [5] Market Dynamics - Bitcoin's market cap is significantly smaller than gold's $36 trillion, suggesting potential for growth if liquidity conditions improve [6] - The current market conditions are reminiscent of historical currency weakening prior to coordinated interventions [3]

Asian currencies gained as the dollar sank to levels last seen four years ago as investors turned cautious toward the world's reserve currency amid unpredictable policymaking from Washington.The Malaysian ringgit, Thai baht and the South Korean won all appreciated in early Asian trading after the Bloomberg Dollar Spot Index slid to its lowest since February 2022 during the US session. The dollar steadied after its biggest fall since April. The greenback's decline had accelerated after President Donald Trump ...

Monday, the 26th. Good morning, Heidi. Had a great weekend.This is what we are talking about. This is what's on the agenda. The Takeshi trade unwinding in Tokyo with some help from New York.Go gets to 5000 and it's very cold in America, Tom. European futures are flat. The activity, of course, is focused on what's happening.The Japanese yen with the dollar down around 9/10 of a percent versus the Japanese currency on those intervention risks. Gold to guys point rally 1.8% in the session above 5000. The count ...

Group 1: Geopolitical Factors Impacting Crude Prices - Unrest in Iran, OPEC's fourth-largest producer, is affecting crude prices as security forces have killed thousands of protesters, with potential disruptions to production if protests escalate [1] - The US is threatening to limit dollar supply for Iraqi oil sales, pressuring Iraq's politicians to exclude Iran-backed militia groups, which is also supporting crude prices [2] - The Kremlin's statement regarding unresolved territorial issues with Ukraine suggests ongoing conflict, maintaining restrictions on Russian crude and supporting oil prices [3] Group 2: Market Dynamics and Production Updates - Crude oil and gasoline prices rose sharply, with crude oil reaching a one-week high, supported by a decline in the dollar index and increased geopolitical risks [4] - Kazakhstan's oil production has been curtailed by 900,000 bpd due to power generator fires, impacting the Caspian Pipeline Consortium terminal [5] - The IEA has revised its 2026 global crude surplus estimate down to 3.7 million bpd, while the EIA raised its US crude production estimate to 13.59 million bpd [6] Group 3: Supply Chain and Inventory Insights - Crude oil stored on stationary tankers fell by 8.6% week-over-week, indicating strong demand, particularly from China, which is set to increase crude imports by 10% month-over-month [7] - OPEC+ plans to pause production increases in Q1 2026, with December production rising by 40,000 bpd to 29.03 million bpd, as they aim to restore previous cuts [8] - Ukrainian attacks on Russian refineries and tankers have limited Russia's crude oil export capabilities, further tightening global oil supplies [9] Group 4: US Oil Inventory and Rig Count - The EIA reported that US crude oil inventories are 2.5% below the seasonal 5-year average, while gasoline inventories are 5.0% above the average [10] - The number of active US oil rigs rose by 1 to 411, slightly above a 4.25-year low, indicating a decline in rig count over the past 2.5 years [11]

Core Viewpoint - Crude oil and gasoline prices are experiencing significant increases due to geopolitical tensions and a weaker dollar, with crude oil reaching a one-week high [1][2]. Group 1: Geopolitical Factors - The Kremlin's statement regarding unresolved territorial issues with Ukraine suggests that the Russia-Ukraine war will persist, maintaining restrictions on Russian crude and supporting higher oil prices [2]. - President Trump's renewed threats of military action against Iran, coupled with the deployment of US Navy vessels to the Middle East, are contributing to the rise in crude prices [3]. - Unrest in Iran, where security forces have killed thousands of protesters, poses a risk to crude production, as any escalation could disrupt the country's output of over 3 million barrels per day [4]. Group 2: Supply Chain Disruptions - Kazakhstan's Tengiz and Korolev oil fields are temporarily shut down due to power generator fires, resulting in a reduction of approximately 900,000 barrels per day of crude production that affects the Caspian Pipeline Consortium terminal [5].