US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
2025 Market Outlook: Key January Events to Watch 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Wall Street Analysts Weigh in on Latest NFP Data 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
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.
