US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Wall Street Analysts Weigh in on Latest NFP Data 
Stock Futures Dip as Investors Await Key Payrolls Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2389.42
Kijun-Sen- $2386.35
Gold trades weak after hawkish Fed remarks. It hit a low of $2351 at the time of writing and is currently trading around $2362.
US Philly Fed manufacturing index- positive (bullish for Gold)
The strong US economic data and upbeat US inflation have decreased the chance of a June rate cut by the Fed.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 85.10% from 71.70% a week ago.
US dollar index- Bullish. Minor support around 105.80/105. The near-term resistance is 106.50/107.40.
Factors to watch for gold price action-
Global stock market- Bearish (positive for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2350, a break below targets of $2318/$2300. The yellow metal faces minor resistance around $2375 and a breach above will take it to the next level of $2400/$2420/$2450.
It is good to buy on dips around $2338-40 with SL around $2319 for TP of $2400.
