FX markets

Daily Market View 27-01-2026

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2:23

Quieter market underscores serious concerns

1 Minute Market Rundown

Gold maintains strength above $5,000/oz illustrating the level of quiet nervousness within traders
Quiet day in terms of major releases, but USD remains weak after rumours of debasement
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Things looks deceptively calm on the surface today, with volatility pointing downwards after yesterday's spike, although you don't have to look far to find evidence of angst.

Gold broke above its all time high at the psychologically crucial $5,000/oz yesterday and has showed no signs of waning in its rally.

Screenshot 2026-01-27 081411

With the US given a 50/50 chance of striking Iran by the end of the week, ongoing concern over the independence and function of the Fed its no wonder many are piling into Gold.

It still hasn't lost its shine as a hedge against inflation and debasement and I doubt it will for a long time.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote.

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