European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
China's Refining Industry Faces Major Shakeup Amid Challenges 
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 
Stock Futures Dip as Investors Await Key Payrolls Data 
Urban studies: Doing research when every city is different 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Wall Street Analysts Weigh in on Latest NFP Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
2025 Market Outlook: Key January Events to Watch 
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2152.15
Kijun-Sen- $2122.58
Gold hits all-time high ahead of US Non-farm payroll. Any dismal jobs data will push the yellow metal further higher. The ECB kept its rates unchanged and hinted at an early rate cut in June due to easing inflation. The yellow metal hit a high of $2164.77 yesterday and is currently trading around $2161.07.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar decreased to 95% from 96% 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 $2144, a break below targets of $2120/$2100. The yellow metal faces minor resistance around $2165 and a breach above will take it to the next level of $2180/$2200.
It is good to buy on dips around $2142-44 with SL around $2120 for TP of $2200.
