2025 Market Outlook: Key January Events to Watch 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Wall Street Analysts Weigh in on Latest NFP Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2076.61
Kijun-Sen- $2067.28
Gold pared some of its gains despite weak US economic data. The number of people who have filed for unemployment benefits rose by 12000 last week, compared to an increase of 21000. US pending home sales came unchanged every month vs. an Estimate of 0.80%.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Jan increased to 16.5% from 12.4% a week ago.
Economic calendar -
Dec 29th, 2023, Chicago PMI (2:45 pm GMT)
US dollar index- Bearish. Minor support around 100.70/100. The near-term resistance is 101.50/102.
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 (Positive for gold)
Technical:
The near–term support is around $2062 (23.6% fib), a break below targets of $2050/ $2040/$2035/ $2020/ $2000/$1970. The yellow metal faces minor resistance around $2075 and a breach above will take it to the next level of $2090/$2100/$2150.
It is good to buy on dips around $2059 with SL around $2040 for TP of $2150.
Silver-
Silver declined once again after a minor pullback. The commodity should close above $24.61 (61.8% fib) for further up move. Any daily close above $24.60 confirms further bullishness, a jump to $25/$26. Minor support is $23.60/$23.20.
Crude oil-
WTI crude oil prices pared some of their gains after US crude oil inventory data. It rose by 1.837 million barrels this week, According to API. According to EIA, crude inventories declined by 6.9 million bbls vs -2.7 million barrels.
Major resistance- $75.35/80. Significant support- $72/$70.
