Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Urban studies: Doing research when every city is different 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Wall Street Analysts Weigh in on Latest NFP Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
US Gas Market Poised for Supercycle: Bernstein Analysts 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2495
Kijun-Sen- $2501
Gold showed a minor sell-off ahead of the Jackson Hole Symposium. It hit a low of $2470 and is currently trading around $2492.
The number of people who have filed for unemployment benefits last week rose by 4000 to 232000 compared to a forecast of 228000.
US flash services PMI surged to 55.2 in Aug vs 54 expected. While flash manufacturing declined to 48 compared to an estimate
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 73.50% from 75% a week ago.
US dollar index- Bearish. Minor support around 101.80/100.60 The near-term resistance is 102.50/103.
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 $2470, a break below the target of $2450/$2430/$2400. The yellow metal faces minor resistance around $2515 and a breach above will take it to the next level of $2554.
It is good to buy on dips around $2450-55 with an SL around $2430 for a TP of $2510/$2550.
