UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Wall Street Analysts Weigh in on Latest NFP Data 
2025 Market Outlook: Key January Events to Watch 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2303.19
Kijun-Sen- $2261
Gold hits an all-time high despite a surge in US treasury yields. The yellow metal hit a high of $2319 yesterday and is currently trading around $2336.84.
US economic data-
US PPI - weak (Positive for Gold)
US initial jobless claims- Strong (Positive for gold)
Economic data to be released today-
Prelim UoM consumer sentiment (3:00 pm GMT)
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in June decreased to 23.80% from 59.10% a week ago.
US dollar index- Bullish. Minor support around 103.80/103. The near-term resistance is 105.20/106.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bearish (Bullish for gold)
US10-year bond yield- Bullish (negative for gold)
Technical:
The near–term support is around $2380, a break below targets of $2360/$2350/$2318/$2300. The yellow metal faces minor resistance around $2400 and a breach above will take it to the next level of $2420/$2450.
It is good to buy on dips around $2338-40 with SL around $2319 for TP of $2400.
