UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Urban studies: Doing research when every city is different 
China's Refining Industry Faces Major Shakeup Amid Challenges 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
2025 Market Outlook: Key January Events to Watch 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Stock Futures Dip as Investors Await Key Payrolls Data 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Wall Street Analysts Weigh in on Latest NFP Data 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Add as a preferred source on Google
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2328.58
Kijun-Sen- $2316.76
Gold trading is weak despite the weak US manufacturing data. It hit a low of $2318 yesterday and is currently trading around $2326.
US economic data-
US ISM manufacturing PMI -Weak (Positive for gold)
The US 10-year yield surged more than 5% in the past week putting pressure on yellow metal at higher levels.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 0% from 60.50% a week ago.
US dollar index- Bullish. Minor support around 105.50/104. The near-term resistance is 106.20/107.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bullish (Negative for gold)
Technical:
The near–term support is around $2280, a break below the target of $2260/$2250. The yellow metal faces minor resistance around $2340 and a breach above will take it to the next level of $2360/$2375/$2400.
It is good to buy on dips around $2308-10 with an SL of around $2290 for a TP of $2360.
