{"id":425980,"date":"2026-01-30T04:00:17","date_gmt":"2026-01-29T21:00:17","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/01\/investinglive-americas-market-news-wrap-gold-goes-for-a-wild-ride\/"},"modified":"2026-01-30T04:00:17","modified_gmt":"2026-01-29T21:00:17","slug":"investinglive-americas-market-news-wrap-gold-goes-for-a-wild-ride","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/01\/investinglive-americas-market-news-wrap-gold-goes-for-a-wild-ride\/","title":{"rendered":"investingLive Americas market news wrap: Gold goes for a wild ride"},"content":{"rendered":"<div>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-november-trade-balance-568b-vs-405b-expected-20260129\/\">US November trade balance -56.8B vs -40.5B expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-initial-jobless-claims-209k-vs-205k-expected-20260129\/\">US initial jobless claims 209K vs 205K expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/atlanta-fed-gdpnow-42-vs-54-previously-20260129\/\">Atlanta Fed GDPNow 4.2% vs 5.4% previously<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/trump-says-he-will-work-in-a-bipartisan-way-to-avoid-us-government-shutdown-20260129\/\">Trump says he will work in a bipartisan way to avoid US government shutdown<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/trump-says-fed-chair-decision-coming-next-week-20260129\/\">Trump says Fed chair decision coming next week<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/its-the-sixth-worst-day-in-msft-stock-history-20260129\/\">It&#8217;s the seventh-worst day in MSFT stock history<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-november-factory-orders-27-vs-16-expected-20260129\/\">US November factory orders +2.7% vs +1.6% expected<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/centralbank\/boc-governor-macklem-says-there-is-no-easy-way-to-manage-uncertainty-from-trump-policies-20260129\/\">BOC governor Macklem says there is no easy way to manage uncertainty from Trump policies<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>Gold flat at $5400<\/li>\n<li>US 10-year yields down 2.2 bps to 4.23%<\/li>\n<li>WTI crude oil up $2.65 to $65.86<\/li>\n<li>Bitcoin down $5600 to $83,688<\/li>\n<li>CAD leads, GBP lags<\/li>\n<li>S&amp;P 500 down 33 points to 6944<\/li>\n<\/ul>\n<p>It was a crazy day in the gold market as we got a new record at $5575 in Asia followed by an incredible rout in US trading in a swift move to $5100 in about 30 minutes. It wasn&#8217;t done there as gold bounced and then slowly formed a base to climbe all the way to $5400 late in the day to finish virtually flat. Silver went on a similarly wild ride.<\/p>\n<p>When gold broke down we also saw a big wave of US dollar buying but that also proved mostly fleeting in volatile trade.<\/p>\n<p>It was no different in stock markets as Meta rose 10% and Microsoft fell by 12% in its seventh-worst day ever. Both the moves followed earnings reports that weren&#8217;t all that surprising. The intense volatility across asset classes speaks to leverage and an uncertain market.<\/p>\n<p>Economic data added to the questions as the US trade deficit in November nearly doubled, leading to a rapid drop in the Atlanta Fed GDPNow tracker. <\/p>\n<p>Eyes are on Congres as well for another potential shutdown on the weekend. A vote in the Senate failed today but negotiatins continued and Trump highlighted bipartisan negotiations, saying he didn&#8217;t want a shutdown. That&#8217;s different rhetoric than in the autumn, when he seemingly wanted a long shutdown.<\/p>\n<p>Earnings after the bell include Apple and Visa.<\/p>\n<p>                            This article was written by Adam Button at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>US November trade balance -56.8B vs -40.5B expected US initial jobless claims 209K vs 205K expected Atlanta Fed GDPNow 4.2% vs 5.4% previously Trump says he will work in a bipartisan way to avoid US government shutdown Trump says Fed chair decision coming next week It&#8217;s the seventh-worst day in MSFT stock history US November [&hellip;]<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-425980","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/425980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=425980"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/425980\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=425980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=425980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=425980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}