Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Urban studies: Doing research when every city is different 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
2025 Market Outlook: Key January Events to Watch 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Gold -
Ichimoku Analysis (Weekly chart)
Tenken-Sen- $2061.15
Kijun-Sen- $2049.07
Gold recovered more than $10 on board-based US dollar selling. Richmond composite declined sharply to -11 in Dec, compared to a forecast of -4. The yellow metal hit a high of $2088.50 and is currently trading around $2076.60.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Jan increased to 17.6% from 12.4% a week ago.
Economic calendar -
Dec 28th, 2023, US initial jobless claims (1:30 pm GMT)
US Pending home sales (3 pm GMT)
US dollar index- Bearish. Minor support around 100.70/100. The near-term resistance is 101.50/102.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (Positive for gold)
Technical:
The near–term support is around $2059, a break below targets of $2050/ $2040/$2035/ $2020/ $2000/$1970. The yellow metal faces minor resistance around $2100 and a breach above will take it to the next level of $2150.
It is good to buy on dips around $2059 with SL around $2040 for TP of $2150.
Silver-
Silver showed a nice pullback following the footsteps of gold. The near-term resistance is around $24.61 (61.8% fib). Any daily close above $24.60 confirms further bullishness, a jump to $25/$26. Minor support is $23.60/$23.20.
Crude oil-
WTI crude oil prices declined slightly as the Red Sea supply disruption eased. Markets eye US EIA crude oil inventories today for further direction. Major resistance- $75.35/80. Significant support- $72/$70.
