Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Wall Street Analysts Weigh in on Latest NFP Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
US Gas Market Poised for Supercycle: Bernstein Analysts 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Urban studies: Doing research when every city is different 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2247.16
Kijun-Sen- $2217.71
Gold pared some of its gains after upbeat US economic data. The yellow metal hit a low of $2228 yesterday and is currently trading around $2261.15.
US ISM manufacturing index expanded in March to 50.30 after 16 months of contraction, compared to a forecast of 48.50.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 62.10% from 55.20% a day ago.
US dollar index- Bullish. Minor support around 103.40/102.70. The near-term resistance is 105/106.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (Bearish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2250, a break below targets of $2228/$2215/$2200. The yellow metal faces minor resistance around $2265 and a breach above will take it to the next level of $2300/$2325.
It is good to buy on dips around $2215-16 with SL around $2200 for TP of $2265/$2300.
