Goldify Pro
Live Gold Rates & Tools
On this day — January 12, 2021
Tuesday — a normal trading day. Tuesday is also when the CFTC publishes Commitments of Traders data for the prior week, often producing intraday movement.
Day 12 of 365 · Q1 2021 · 3.3% through the year
January 2021 gold market: Reflation trade pressures gold
BearishRecovery optimism and rising yields pressured gold.
Gold eased from around $1,950 toward $1,850 early in 2021 as rising bond yields and optimism about vaccines and stimulus fuelled a 'reflation' rotation into cyclical assets and away from safe havens.
What drove gold in January 2021
- rising US Treasury yields
- vaccine-rollout optimism
- rotation into cyclical assets
- stronger US dollar
Key events in January 2021
- Jan 6Yields jump after Georgia Senate runoffs; gold slips
What happened next
Rising yields kept pressuring gold to a March low near $1,680.
For gold buyers
2021 opened as a mirror image of 2020 — recovery optimism and rising yields did to gold what crisis and falling yields had done for it.