Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Wall Street Analysts Weigh in on Latest NFP Data 
Urban studies: Doing research when every city is different 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2299
Kijun-Sen- $2306
Gold showed a minor pullback after the dismal US Nonfarm payrolls data. It hit a high of $2320.74 yesterday and is currently trading around $2316.8.
US economic data
US Non-farm payroll- Weak (Bullish for gold)
The dismal US jobs data has increased the chance of a rate cut by the Fed this year.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 91.6% from 88.90% a week ago.
US dollar index- Bearish. Minor support around 104.50/103.80. The near-term resistance is 105.50/106.50.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (negative for gold)
Technical:
The near–term support is around $2280, a break below the targets of $2260/$2225/$2195. The yellow metal faces minor resistance around $2330 and a breach above will take it to the next level of $2350/$2375/$2400/$2420/$2450.
It is good to buy on dips around $2300 with SL around $2280 for TP of $2400.
