Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
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 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Stock Futures Dip as Investors Await Key Payrolls Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Wall Street Analysts Weigh in on Latest NFP Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Urban studies: Doing research when every city is different 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
2025 Market Outlook: Key January Events to Watch 
Add as a preferred source on Google
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2375.64
Kijun-Sen- $2377.97
Gold trades weak after upbeat US inflation data. It hit a low of $2324 and is currently trading around $2378.
Fed Cleveland president Mester said that We Want To Get More Information Before We Can Say Inflation Is On A Sustainable Path To 2% and current inflation is higher than expected.
Economic data to be released today-
Unemployment claims (12:30 pm GMT)
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 83.2% from 82.7% a day ago
US dollar index- Bullish. Minor support around 105.80/105. The near-term resistance is 106.50/107.40.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2370, a break below targets of $2350/$2318/$2300. The yellow metal faces minor resistance around $2400 and a breach above will take it to the next level of $2420/$2450.
It is good to buy on dips around $2338-40 with SL around $2319 for TP of $2400.
