Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Wall Street Analysts Weigh in on Latest NFP Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China's Refining Industry Faces Major Shakeup Amid Challenges 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Urban studies: Doing research when every city is different 
Gold gained momentum after weak US Producer Price Index data. US PPI dropped to 0.10% m/m vs. an Estimate of 0.20%. The annual PPI declined to 2.2% in Jul compared to a forecast of 2.3%.
The yellow metal surged to $2476 and is currently trading around $2466. Market eyes US CPI data for further movement.
Any soft CPI will push gold prices higher above $2500.
The annual headline inflation is expected to remain steady at 3%, while core inflation is anticipated to decline to 3.2%.
The near-term resistance is around $2475, any surge past will push the yellow metal to $249/$2500/$2510.
Intraday major support - $2450.
Short-term trend reversal level- $2350.
Minor support- $2420/$2400/$2378.
