2025 Market Outlook: Key January Events to Watch 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Wall Street Analysts Weigh in on Latest NFP Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Urban studies: Doing research when every city is different 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China's Refining Industry Faces Major Shakeup Amid Challenges 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Gold -
Ichimoku Analysis (Weekly chart)
Tenken-Sen- $2039.17
Kijun-Sen- $1978.53
Gold trades higher after weak US PCE data. The PCE index surges 2.6% YoY in Nov, below market expectations of 2.8%. The Core PCE rose 3.2% in the same period from 3.4% in Oct. came to 4.9% for the third quarter, below the estimate of 5.2%. US durable goods orders surged sharply to, the highest level since July 2020.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Jan increased to 16.5% from 8.3% a week ago.
Economic calendar - for the week
Dec 27th, 2023, US Richmond Manufacturing Index (3 pm GMT)
Dec 28th, 2023, US pending home sales (3 PM GMT)
US dollar index- Bearish. Minor support around 101.40/101. The near-term resistance is 102.60/103.50.
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 (Positive for gold)
Technical:
The near–term support is around $2050, a break below targets of $2035/ $2020/ $2000/$1970. The yellow metal faces minor resistance around $2070 and a breach above will take it to the next level of $2080/$2100.
It is good to buy on dips around $2050 with SL around $2035 for TP of $2100.
Silver-
Silver is consolidating after three weeks of bullish trend. The near-term resistance is around $24.61 (61.8% fib). Any convincing break above $24.60 confirms further bullishness, a jump to $25/$26. Minor support is $24/$23.60.
Crude oil-
WTI crude oil prices showed a minor decline after Angola decided to exit from OPEC. Angola protested against the output cut by OPEC in Nov meeting and planning to increase output by 1.8 million bpd. Major resistance- $75.35/80. Significant support- $72/$70.
