Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Urban studies: Doing research when every city is different 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Wall Street Analysts Weigh in on Latest NFP Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
2025 Market Outlook: Key January Events to Watch 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2250.73
Kijun-Sen- $2228.32
Gold hits an all-time high despite the strong US dollar. The yellow metal hit a high of $2265.40 at the time of writing and is currently trading around $2258.
US Final GDP Q/Q - Strong (positive for Gold)
Unemployment claims - Strong (Bullish for Gold)
US PCE- weak (positive for Gold)
Chicago PMI - weak (negative for Gold)
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 66% from 55.20% a day ago.
US dollar index- Bullish. Minor support around 103.40/102.70. The near-term resistance is 105/106.
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 $2250, a break below targets of $2228/$2215/$2200. The yellow metal faces minor resistance around $2265 and a breach above will take it to the next level of $2300/$2325.
It is good to buy on dips around $2215-16 with SL around $2200 for TP of $2265/$2300.
