Geopolitical Shocks That Could Reshape Financial Markets in 2025 
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Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
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Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China's Refining Industry Faces Major Shakeup Amid Challenges 
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 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Wall Street Analysts Weigh in on Latest NFP Data 
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Urban studies: Doing research when every city is different 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
US Gas Market Poised for Supercycle: Bernstein Analysts 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2438
Kijun-Sen- $2442
Gold pared most of its gains as the US dollar rebounded. It hit a low of $2399 at the time of writing and is currently trading around $2401.70.
Markets eye existing home sales and Richmond manufacturing PMI, which will be released tomorrow for further direction.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 94% from 91.90% a week ago.
US dollar index- Bearish. Minor support around 103.60/103. The near-term resistance is 104.20/105.
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 $2400, a break below the target of $2385/$2360. The yellow metal faces minor resistance around $2420 and a breach above will take it to the next level of $2440/$2450/$2475/$2480.
It is good to buy on dips around $2400 with an SL of around $2385 for a TP of $2500.
