Market players will be watching precious metals closely as we look to wrap up January trading. As we see the profit-taking and volatility swings accelerate, it could cause a bit of a ruckus and mess in the day ahead. Looking to European trading, we will have plenty of data points to work through but none of which will be all too impactful. The ECB is to remain on the sidelines indefinitely, awaiting a shift in the fundamental narrative especially on the German economy. But even then, it's just one data point and not something that will get the ECB to rush off their seats.