ETO Markets Global Pulse: Gold Jumps Past $4,400, Silver Breaks $75

Market Review

According to ETO Markets monitoring, on January 2 (Friday), spot gold edged up 0.20% in late New York trading to close at USD 4,327.96 per ounce. Despite the modest rebound, gold still posted a weekly decline of about 4.51%, showing early signs of stabilization after consecutive pullbacks.

By early Asian trading on January 5 (Monday), spot gold opened sharply higher and extended gains. Prices surged as much as 1.63%, breaking through key psychological levels. COMEX gold futures rose around 1.73%. Silver outperformed, jumping nearly 4% intraday and breaking above USD 75, lifting the entire precious metals complex.

Global Headlines

1) Venezuela Shock Sparks Safe-Haven Rush

Over the weekend, the U.S. launched a rapid military operation in Venezuela and detained President Nicolás Maduro and his spouse, later transferring them to New York for legal proceedings. The unexpected escalation triggered a sharp rise in risk aversion, driving flows into gold and silver as primary safe-haven assets.

2) FED Signals Conditional Easing Scope

Philadelphia FED President Paulson said further modest rate cuts could be possible later this year if inflation continues to cool, the labor market remains stable, and growth holds near 2%. She stressed that policy decisions remain data-dependent.

3) Maduro To Appear In New York

On Sunday, the U.S. District Court for the Southern District of New York confirmed that Maduro will appear in court at noon on Monday. U.S. authorities cited multiple serious criminal charges, keeping political and financial risks in Latin America elevated.

4) Trump Remarks Add Geopolitical Uncertainty

Former President Trump said the U.S. would “manage” Venezuela through a so-called security transition and warned the countrys interim leadership against missteps. Separately, his comments that the U.S. “absolutely needs Greenland” added to concerns over geopolitical spillover risks.

5) Military Action Disrupts Caribbean Travel

U.S. military operations linked to Venezuela led to hundreds of flight cancellations across the Caribbean last week. The FAA restricted parts of regional airspace, affecting travel to around 20 island destinations and putting short-term pressure on tourism and transport.

6) Precious Metals Face Rebalancing Volatility

JPMorgan warned that the Bloomberg Commodity Index will conduct its annual weight rebalancing from January 8 to January 14. Markets expect sizable position adjustments in gold and silver, which could amplify short-term price volatility.

ETO Markets Analyst View (Spot Gold)

From a technical perspective, spot gold remains in a rebound phase. After holding above the USD 4,310 area, price action has shifted toward a gradual upward consolidation. Above this level, bullish sentiment dominates, with the market focusing on digestion and confirmation around USD 4,402 and USD 4,435. A break below USD 4,310 would weaken the structure and reopen downside tests toward USD 4,274 and USD 4,240.

RSI remains biased to the upside, suggesting short-term momentum is still intact. With event-driven volatility and technical repair unfolding simultaneously, trend signals may stay choppy. Gold is more likely to release pressure through consolidation, and investors should stay alert and manage risk carefully.

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