RAW MATERIALS
* Spot gold fell 0.9% to $5,346.42 an ounce as of 0124 GMT, after hitting a record high of $5,594.82 the day before.* Prices are up more than 24% so far in January, on track for a sixth straight month of gains and the biggest monthly advance since January 1980.
* U.S. gold futures for February delivery rose 1.3% to $5,390.80 an ounce on Friday.
* Spot silver fell 0.2% to $115.83 an ounce after hitting a record high of $121.64 on Thursday. The metal is up 62% so far this month, on track for its best monthly performance ever.
* The dollar index moved higher, partly supported by the Federal Reserve’s decision on Wednesday to leave interest rates unchanged, but was set for a second straight weekly decline. [USD/]
* Fed Chairman Jerome Powell said inflation in December was likely well above the central bank’s 2% target.
* U.S. economic data showed weekly jobless claims fell Thursday, suggesting layoffs remained low, although soft hiring kept consumers pessimistic about the labor market.* US President Donald Trump is considering options against Iran, including targeted strikes on security forces and leaders to inspire protesters, multiple sources said, even as Israeli and Arab officials said air power alone could not topple clerical rulers.
*Gold exports from Switzerland rose 27% month-on-month in December, while shipments to Britain jumped to the highest level since August 2019, Swiss customs data showed on Thursday.
* UBS has raised its gold price target to $6,200 per ounce for March, June and September 2026, from a previous forecast of $5,000, citing stronger-than-expected demand due to increased investment.
* Spot platinum lost 0.9% to $2,606.15 an ounce after hitting a record $2,918.80 on Monday, while palladium rose 0.5% to $2,016.69.
Gold and Silver Prices Today Live Updates: Gold Hovering Near Rs 1.8 Lakh After Sharp Rise, Silver Surpasses Rs 4 Lakh Per Kg; main triggers behind the rally
DATA/EVENTS (GMT)
1330 US PPI Machine Production December.
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