Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Urban studies: Doing research when every city is different 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Wall Street Analysts Weigh in on Latest NFP Data 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2311.96
Kijun-Sen- $2304.73
Gold gained sharply amid improved risk appetite. It hit a high of $2332 yesterday and is currently trading around $2319.75.
The market sentiment improved due to easing tension in the Middle East. Markets eye ceasefire talk progress between Israel and Gaza.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 91.3% from 90.3% a week ago.
Economic data for the day
US dollar index- Bearish. Minor support around 104.50/103.75. 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 - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2280, a break below the targets of $2260/$2225/$2195. The yellow metal faces minor resistance around $2320 and a breach above will take it to the next level of $2350/$2375/$2400/$2420/$2450.
It is good to buy on dips around $2300 with SL around $2280 for TP of $2400.
