Daily summary

Gold price is pulling back modestly Friday Morning after hitting the crucial support area of $1818/17 once again on Thursday. However, watch carefully this support area. If the metal breaks below $1,816, the slump will quickly extend toward the $1800 mark.

Shares of the leading semiconductor company NVIDIA (NASDAQ: NVDA) gained more than 8% in after-hours trading on Wednesday after the company reported earnings and revenue for the last quarter that easily topped analysts' forecasts.

The US Dollar Index, which measures the greenback’s value against the basket of six major currencies remains steady ahead of the FED minutes. The outcome of the minutes from the Fed's latest policy meeting should be a big piece for the next trend for the king dollar.

Eurozone and Germany reported mixed PMI numbers while the UK reported stronger-than-expected manufacturing and services PMI data. Moving ahead to the North American session, the US will release the latest manufacturing PMI data, to be published at 14:45 GMT.

Wall Street and key US indices ends on a positive note on Wednesday as Investor sentiment got a boost from Commerce Department data showing that retail sales jumped 3.0% in January, the biggest increase since March of 2021.