Gold and silver changed direction and after they had risen for two consecutive days, they have moderately decreased in yesterday's trading. Other commodities also traded down including oil (WTI). Yesterday the U.S. initial jobless claims sharply fell by 50k. Today, the U.S. existing home sales report will be published, and Canada's core consumer price index.

For the complete daily gold price outlook for January 20^th see here in Trading NRG

Gold slipped on Thursday by 0.33% and reached $1,654.5; silver also decreased by 0.11% and reached $30.51. During January, gold increased by 5.6% and silver by 9.29%.