{"id":126774,"date":"2026-01-07T09:30:44","date_gmt":"2026-01-07T07:30:44","guid":{"rendered":"https:\/\/ironfx-com.wp-dev.int.theitops.net\/?p=126774"},"modified":"2026-01-15T14:05:26","modified_gmt":"2026-01-15T12:05:26","slug":"golds-weekly-update-maduros-gone-and-now-were-left-with-a-power-vacuum-or-are-we","status":"publish","type":"post","link":"https:\/\/www.ironfx-cn.com\/nl\/golds-weekly-update-maduros-gone-and-now-were-left-with-a-power-vacuum-or-are-we\/","title":{"rendered":"Gold\u2019s Weekly Update: Maduro\u2019s gone and now we\u2019re left with a power vacuum, or are we?"},"content":{"rendered":"

Gold\u2019s price continued to rise since our last report<\/a> with the next target possible being gold\u2019s ATH figure. <\/p>\n\n\n\n

In today\u2019s report we are to discuss fundamental issues affecting gold\u2019s price such as the market\u2019s expectations for the current situation in Venezuela and the upcoming release of the US Employment data. <\/p>\n\n\n\n

We are also adding a technical analysis of gold\u2019s daily chart at the end of the report for a rounder view.<\/p>\n\n\n\n

US military shows its teeth as it snatches Maduro<\/strong><\/h2>\n\n\n\n

Well, it finally happened, the US administration got rid of Venezuelan President Maduro<\/strong> in a spectacular fashion over the weekend, in what can be described as a textbook military operation which involved the capture of Maduro and his spouse by American special forces. <\/p>\n\n\n\n

The forcible removal of Maduro<\/strong> showcases to the region and to the world that the US is still here and is willing to act in order to promote their interests. In turn the actions by the US Government<\/strong> had resulted in a power vacuum in the region and appear to have raised some concern as to whether the US may have other targets in their sights. <\/p>\n\n\n\n

Overall, the possibility of a military escalation between Venezuela<\/strong> and the US is at all time highs considering they have literally kidnapped their President and thus as tensions continue to rise, gold\u2019s price<\/strong> may have benefited considering its safe haven asset status.<\/p>\n\n\n\n

US Employment data due out Friday<\/strong><\/h2>\n\n\n\n

The US Employment data for December<\/strong> is set to be released on Friday<\/strong>. The current expectations by economists are anticipating the financial release to showcase a mixed labour market. Specifically, the NFP figure is expected to come in at 55k which would be lower than the prior figure of 64k, thus implying a loosening labour market. <\/p>\n\n\n\n

Yet, the unemployment rate is expected to decrease from 4.6% to 4.5%, effectively contradicting the implications of a loosening labour market. In turn, should the data point towards a resilient labour market, the need for the Fed to continue on their rate cutting path may diminish which may hence aid the greenback, whilst weighing<\/strong> on gold\u2019s price<\/strong> given their inverse relationship. <\/p>\n\n\n\n

On the other hand, should the employment data showcase\u00a0 a loosening labour market, it may have the opposite effect as calls for the Fed to cut rates in the near future may increase, hence potentially aiding gold\u2019s price.<\/p>\n\n\n\n

Gold Technical Analysis<\/strong><\/h2>\n\n\n\n

XAU\/USD Daily Chart<\/strong><\/strong><\/strong><\/h3>\n\n\n\n
\"Gold<\/figure>\n\n\n\n