Forecasts & Analysis |

At this time, there is no clear bullish catalyst for gold so a rally may have a hard time gaining traction.

Technically, the direction of the March natural gas futures contract is being controlled by the 50% to 61.8% retracement zone at $2.485 to $2.552.

Baker Hughes on Friday reported that the number of active U.S. rigs drilling for oil rose by 2 to 289 this week.

Odds are now equally weighted between a rally continuation and failed breakout following Tuesday’s earnings report.

Following is a list of company earnings scheduled for release January 25-29, along with earnings preview for select companies. Next week’s earnings are of much significance for major market movements as over 100 S&P 500 companies, along with Microsoft, Apple, Tesla and Facebook will release their financial statements.

Short-lived as it may become, the Biden era has begun; and regardless of Harris waiting in the wings, ought higher be the price Gold brings.

Existing home sales surge

Business activity in the Euro Zone fell to a two-month low in January, preliminary data showed on Friday,

Inventories declined by 187 Bcf

Gold prices consolidated and closed the week up 1.5% as the dollar moved sideways, and U.S. yields remained stable. U.S. Existing Home Sales came in stronger than expected, rising to a 14-year high. The Senate confirmed Janet Yellen, who will become the first woman to hold U.S. Treasury secretary.Trade gold