TechFlow news: On January 27, according to JIN10 Data, gold prices remain above $5,000. This support stems primarily from ongoing geopolitical risks fueling safe-haven demand, as well as broad investor sell-offs of currencies and sovereign bonds. Market participants are now closely watching U.S. consumer confidence data due for release later Tuesday, and Federal Reserve Chair Jerome Powell’s speech scheduled for Wednesday. Aaron Hill, analyst at FP Markets, stated that if Powell clearly pushes back against political pressure and demonstrates a firm commitment to safeguarding the Fed’s independence, the U.S. dollar could rise in the short term; conversely, if his remarks lean toward supporting gradual rate cuts, the dollar’s trajectory may face further downward pressure.
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