Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Stock Futures Dip as Investors Await Key Payrolls Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US Gas Market Poised for Supercycle: Bernstein Analysts 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
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.
