Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic 
China Holds Loan Prime Rates Steady in January as Market Expectations Align 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks 
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons 
Lots of economic data and events scheduled for today, and some with high volatility risks associated.
Data released so far:
- Australia: RBA kept the policy rate unchanged at 150 bps at today’s meeting. Q3 current account balance came at -$10.7 billion.
Upcoming:
- France: October budget details will be released at 7:45 GMT.
- Spain: November unemployment change report will be released at 8:00 GMT.
- Switzerland: CPI inflation report will be released at 8:15 GMT.
- United Kingdom: ECJ might release its opinion on Brexit case today. BoE’s governor Carney is set for a speech at 9:15 GMT. Construction PMI report will be released at 9:30 GMT. MPC member Vlieghee is set for a speech at 18:00 GMT.
- Eurozone: PPI inflation report for the month of October will be released at 10:00 GMT. Expected 4.5 percent y/y.
- Canada: Q3 labor productivity report will be released at 13:30 GMT.
- United States: ISM New York report will be released at 14:45 GMT. FOMC member Williams is set for a speech at 15:00 GMT.
- Auction: U.S. will auction 1-month, and 12-month bills at 16:30 GMT.
