ETO Markets Global Pulse: Gold Slides 1.6%, Silver Extends Sharp Losses

Market Review

According to ETO Markets monitoring, on January 7 (Wednesday), spot gold saw a sharp intraday selloff of more than 1.6%, hitting a low of USD 4,423.49 per ounce. Losses eased into the close, with gold ending down about 0.9% near USD 4,456.32 per ounce.

Precious metals moved broadly lower. Spot silver fell 4.1% to USD 77.93 per ounce. Platinum dropped 6.5% to USD 2,285.75 per ounce, while palladium slid 5.2% to USD 1,727.40 per ounce.

On January 8 (Thursday), during the Asian session, spot gold stabilized and edged slightly higher, trading near USD 4,460 per ounce.

Global Headlines

1) U.S. Data Schedule Revised

On Thursday, the U.S. Bureau of Economic Analysis announced changes to upcoming data releases. October and November 2025 personal income and spending data will be released on January 22. Initial Q4 and full-year GDP figures are now scheduled for February 20, with some late-February releases to be rescheduled.

2) Venezuela Reaffirms Political Stability

On Wednesday, Venezuelas interim president Rodriguez outlined three core priorities, including securing President Maduro and his family, maintaining domestic stability, and preserving governance capacity amid external pressure. He stressed continued implementation of existing economic plans.

3) Israel Signals Hezbollah Escalation

On January 7, Israeli Prime Minister Netanyahu said U.S. President Trump had given approval for potential new military action against Hezbollah in Lebanon. However, no clear timeline for large-scale operations was confirmed.

4) Zelenskyy Sees Conflict Timeline

On Wednesday, Ukrainian President Zelenskyy said talks with U.S. and European partners had entered a new phase. He suggested the Russia-Ukraine conflict could end in the first half of 2026, alongside discussions on broader security arrangements.

5) Trump Targets Defense Expansion

On January 7, President Trump said U.S. defense spending should rise to USD 1.5 trillion by 2027. He argued that tariff revenue provides room to expand military budgets in the name of national security.

6) Iran Rejects U.S. Talks

On January 7, Iran‘s foreign minister said current conditions do not support negotiations with the U.S., citing Washington’s stance on Iran policy. He emphasized non-interference in Irans internal affairs.

7) China Tightens Silver Trading

On January 8, the Shanghai Futures Exchange announced tighter limits on silver futures. Daily opening positions will be capped at 7,000 lots from January 9. Price limits will be raised to 16%, with margin requirements increased accordingly.

8) Goldman Flags Silver Volatility Risk

On Thursday, Goldman Sachs warned that tight London silver inventories are amplifying volatility after strong gains in 2025. The bank said squeeze conditions are possible, but sharp pullbacks may follow if supply pressure eases.

ETO Markets Analyst View (Spot Gold)

From a short-term perspective, gold is entering a repair phase after the sharp selloff. Price action suggests re-pricing rather than a clean trend reversal. The USD 4,475 level remains a key resistance zone. Failure to reclaim this area could keep gold in a softer consolidation, with support seen near USD 4,426 and USD 4,396.

If gold regains and holds above USD 4,475, rebound targets may extend toward USD 4,500 and USD 4,513. RSI signals show bearish momentum still dominant in the near term, favoring a “rebound-then-fade” pattern.

In the current data-light environment, liquidity and sentiment are likely to drive price swings. Investors should continue to monitor market conditions closely.

Disclaimer

The information contained herein is for general reference only and does not constitute investment advice, a solicitation, or an offer to buy or sell any financial products.

ETO Markets does not guarantee the accuracy, completeness, or timeliness of the information and shall not be liable for any losses incurred from reliance on such content.