Markets News

Gold soars to 5,600, surging over $220 in a day!

· The Federal Reserve's January interest rate meeting pressed the pause button, keeping interest rates in the 3.5-3.75% range, with Milan and Waller supporting a 25 basis point rate cut. This news is bullish for the US dollar. · Trump warns that the next attack on Iran will be more severe, stating that the latter is running out of time. Iran's permanent mission to the United Nations responded that Iran is willing to engage in dialogue with the United States on the basis of mutual respect. This news is bullish for crude oil and gold. · The Bank of Canada announced that it will keep the benchmark interest rate unchanged at 2.25%. This news is favorable for the Canadian dollar.

TOPONE Markets Analyst

2026-01-29 08:47:18

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