Compiled 01/26/12 6:00 AM (CT) Statistics: London Gold Fix $1,713.00 +$52.00 LME Copper Stocks 342,250 tons -3,525 tons GOLD MARKET FUNDAMENTALS: (6:00 AM CST) With a fresh new high for the move in February gold overnight and prices reaching the highest level since December 9th, it would seem like the US Fed's promise of unrelenting low rates has provided the gold bulls with an ongoing lift. Apparently seeing the interest rate forecast from the Fed project US rates will stay low until 2014, is providing a very supportive environment for gold. With Italian debt auctions overnight posting lower yields than were seen in the last auction, even the Euro zone situation seems to be mostly under control today. Gold has also seemingly discounted news overnight of a rise in gold production from at least three gold producers. In other words, gold seems to be focused on the prospect of ongoing demand and in an environment of ultra low interest rates and only passing central bank concern toward inflation, the overall environment for gold generally seems to be favoring the bull camp. While the gold market thinks the Fed stance will continue to support gold prices, the flow of US scheduled data might have the markets attention early today, especially if the trade can come away from the data with a slightly positive economic vibe. However, the claims figures might offer up a bit of disappointment early but the breadth of the US data flow today might be capable of counter balancing the early claims result. Comex Gold Stocks were 11.527 million ounces up 57,642 ounces. Stocks have declined 12 of the last 20 days. Comex Gold stocks are at their highest levels in the past 10. OUTSIDE MARKET DEVELOPMENTS: (6:00 AM CST) Asian equity markets were generally weaker this morning, with the Nikkei actually seeing minor declines. Apparently European equity markets were still garnering some lift from the US Fed Statements yesterday. The markets saw Italian bond yields fall slightly overnight, but that was only of marginal benefit to the Euro and the metals markets this morning. The markets also saw a minimal improvement in another German business sentiment reading, as that news seemed to add into the mostly positive vibe that was generated by the FOMC meeting! The markets will also see an extremely active flow of US scheduled data this morning, with claims kicking off the report flow and expectations calling for a noted jump up in those readings. Also due out today from the US are durable goods, Chicago Fed national Activity Index, new home sales, leading indicators, and a KC Fed January manufacturing report. Also out today will be the final leg of US Treasury supply flow this week.