European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
2025 Market Outlook: Key January Events to Watch 
Wall Street Analysts Weigh in on Latest NFP Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2325.78
Kijun-Sen- $2342.79
Gold showed a minor sell-off despite weak US economic data. It hit a low of $2309.74 yesterday and is currently trading around $2315.66.
US economic data-
US Richmond manufacturing Index - Weak (positive for Gold)
US CB consumer confidence - Bearish (negative for Gold)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 59.50% from 61.7% 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 $2300, a break below the target of $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.
