Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
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 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Gold -
Ichimoku Analysis (4-hour chart)
Tenken-Sen- $2036.94
Kijun-Sen- $2029.12
Gold trades are highly volatile ahead of US Fed monetary policy. The US fed is expected to keep rates on hold at 5.25%-5.50 %. Markets await the US Fed chairman's press conference for the exact timing of the rate cut. The escalation of geopolitical tension in the Middle East also supports safe-haven assets like gold. The yellow metal hit a high of $2048.63 yesterday and is currently trading around $2038.53.
According to the CME Fed watch tool, the probability of a no-rate cut in Jan unchanged at 97.9% from 97.90% a week ago.
US dollar index- Bullish only if it closes above 103.69 (200-day EMA). Minor support around 103/102.75. The near-term resistance is 103.75/104.50.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Mixed (Neutral for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2030, a break below targets of $2015/$2000/$1970/$1956. The yellow metal faces minor resistance around $2050 and a breach above will take it to the next level of $2065/$2080/$2100.
It is good to buy on dips around $2015 with SL around $2000 for TP of $2065/$2080.
.
Silver-
Silver is consolidating in a narrow range between $22.77 and $23.30 for the past two days. It trades above 21 and 55- EMA and below long-term MA (200- EMA) in the 4-hour chart. The near-term resistance is around $23.15 (200- 4H EMA) and a close above confirms a bullish continuation. Any close above $23.15 will take the pair to $23.60/$24 is possible. It is facing immediate support at around $22.80. Any break below target $22.50/$21.90/$21.50.
Crude oil-
WTI crude oil prices showed a minor sell-off due to the Chinese property crisis. Markets eye US FOMC meeting.
Major resistance- $80/$83.50. Significant support- $77/$74.
Jan 31st, 2024, US ADP employment (1:15 pm GMT)
Chicago PMI (2:45 pm GMT)
FOMC federal funds rate (7:00 pm GMT)
