Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
2025 Market Outlook: Key January Events to Watch 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2389.42
Kijun-Sen- $2386.35
Gold trades weak after hawkish Fed remarks. It hit a low of $2351 at the time of writing and is currently trading around $2362.
US Philly Fed manufacturing index- positive (bullish for Gold)
The strong US economic data and upbeat US inflation have decreased the chance of a June rate cut by the Fed.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 85.10% from 71.70% a week ago.
US dollar index- Bullish. Minor support around 105.80/105. The near-term resistance is 106.50/107.40.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2350, a break below targets of $2318/$2300. The yellow metal faces minor resistance around $2375 and a breach above will take it to the next level of $2400/$2420/$2450.
It is good to buy on dips around $2338-40 with SL around $2319 for TP of $2400.
