Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Stock Futures Dip as Investors Await Key Payrolls Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
US Gas Market Poised for Supercycle: Bernstein Analysts 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
2025 Market Outlook: Key January Events to Watch 
Urban studies: Doing research when every city is different 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2371
Kijun-Sen- $2356
Gold edged towards the $2400 level on the weak US dollar. It hit a high of $2392 yesterday and is currently trading around $2383.10.
US economic data
US NFP - Weak (positive for gold)
US ISM manufacturing PMI- weak (positive for gold)
Market eyes US CPI (Jul 11th, 2024 12:30 pm GMT)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 70.80% from 57.90% a week ago.
US dollar index- Bullish. Minor support around 105.50/104. The near-term resistance is 106.20/107.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2370, a break below the target of $2350/$2340. The yellow metal faces minor resistance around $2400 and a breach above will take it to the next level of $2425/$2448.
It is good to buy on dips around $2360-61 with an SL around $2350 for a TP of $2400.
