UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
2025 Market Outlook: Key January Events to Watch 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Urban studies: Doing research when every city is different 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
US Gas Market Poised for Supercycle: Bernstein Analysts 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2099.76
Kijun-Sen- $2072.28
Gold continues to trade higher and hit a fresh year high in hopes of a rate cut by the Fed. Markets eye the Fed chairman testimony tomorrow for further direction. The yellow metal hit a high of $2119.97 yesterday and is currently trading around $2118.65.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 97% from 98% a week ago.
US dollar index- Bearish. Minor support around 103.40/102.70. The near-term resistance is 104.20/105.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (Bullish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2087, a break below targets of $2068/$2060. The yellow metal faces minor resistance around $2120 and a breach above will take it to the next level of $2130/$2145.
It is good to buy on dips around $2088-89 with SL around $2068 for TP of $2145.
