According to The Kobeissi Letter, US gold imports reached a record $30.4 billion in January due to increased physical gold buying amid the trade war. This figure represents a doubling of the import levels observed during the 2020 pandemic, indicating a significant shift in market dynamics. The data suggests increased demand for gold as a safe-haven asset, which is crucial for traders considering the impact of geopolitical tensions on commodity prices.

According to @KobeissiLetter, total consumer credit in the US surged by a record $40.8 billion in December, a sharp turnaround from the $5.4 billion decline in November. This includes a significant $22.9 billion increase in revolving credit, such as credit cards, which may indicate increased consumer spending and potential inflationary pressures. Traders should monitor the impact on interest rates and currency values.