2025 Market Outlook: Key January Events to Watch 
Stock Futures Dip as Investors Await Key Payrolls Data 
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 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
US Gas Market Poised for Supercycle: Bernstein Analysts 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2322.70
Kijun-Sen- $2318.70
Gold trades flat ahead of US retail sales data. It hit a low of $2310 yesterday and is currently trading around $2321.40.
Markets eye Fed members Barkin, and Kugler speech today for further direction. Any hawkish comments will drag gold prices further down.
Major economic data
US retail sales (12:30 pm GMT)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 57.50% from 45.10% a week ago.
US dollar index- Bullish. Minor support around 104/103. The near-term resistance is 105.50/107.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bearish (Positive for gold)
Technical:
The near–term support is around $2280, a break below the target of $2270/$2250/$2228. The yellow metal faces minor resistance around $2320 and a breach above will take it to the next level of $2340/$2350/$2375.
It is good to sell on rallies around $2328-30 with SL around $2340 for TP of $2252.
