Gold is hovering above 1170 support - its worth watching.
I expect a rally on market open, as gold tends to rally during Asian Sessions in early January - judging by historical data.
As there is official US claim of Russian involvement in US elections, mild upmove is likely, yet not certain since markets are waiting for what stance will Donald take on this whole matter. There will be Trump's press conference on 11th Jan before his inauguration - you can expect a volatility there
BOC is actively devaluing Yuan to keep Chinese exports price competitive and so in grand scheme of things it IMO might drive up gold price as well.
Good luck
I expect a rally on market open, as gold tends to rally during Asian Sessions in early January - judging by historical data.
As there is official US claim of Russian involvement in US elections, mild upmove is likely, yet not certain since markets are waiting for what stance will Donald take on this whole matter. There will be Trump's press conference on 11th Jan before his inauguration - you can expect a volatility there
BOC is actively devaluing Yuan to keep Chinese exports price competitive and so in grand scheme of things it IMO might drive up gold price as well.
Good luck