Stock Futures Dip as Investors Await Key Payrolls Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Add as a preferred source on Google
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2187.10
Kijun-Sen- $2178.94
Gold has traded in a narrow range between $2157 and $2200 for the past four days. The yellow metal hit a high of $2200 yesterday and is currently trading around $2193.52.
"There is no rush to cut the policy rate" right now, Fed Governor Waller said in a speech at an Economic Club of New York gathering. Recent data "tells me that it is prudent to hold this rate at its current restrictive stance perhaps for longer than previously thought to help keep inflation on a sustainable trajectory toward 2%."
US Final GDP Q/Q (12:30 pm GMT)
Unemployment claims
Chicago PMI (1:45 pm GMT)
According to the CME Fed watch tool, the probability of a no-rate cut in June % increased to 36% from 29.8% a day ago.
US dollar index- Bullish. Minor support around 103.40/102.70. The near-term resistance is 104.25/105.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (Bearish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2170, a break below targets of $2157/$2145/$2130/$2114/$2100. The yellow metal faces minor resistance around $2181 and a breach above will take it to the next level of $2200/$2225/$2250.
It is good to buy on dips around $2160 with SL around $2140 for TP of $2200.
