Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
2025 Market Outlook: Key January Events to Watch 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
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 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Stock Futures Dip as Investors Await Key Payrolls Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2342
Kijun-Sen- $2337.72
Gold declined sharply after an upbeat US flash PMI. It hit a low of $2316 yesterday and is currently trading around $2327.
US economic data for the day
US flash manufacturing and services PMI - Strong (negative for Gold)
Existing home sales - bearish (positive for Gold)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 59.5% from 56.7% 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 $2315, a break below the target of $2300/$2280/$2260. The yellow metal faces minor resistance around $2360 and a breach above will take it to the next level of $2375/$2400.
It is good to buy on dips around $2300 with an SL of around $2280 for a TP of $2400.
