UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Wall Street Analysts Weigh in on Latest NFP Data 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2356.23
Kijun-Sen- $2340
Gold lost its shine on the strong US dollar. It hit a low of $2346 at the time of writing and is currently trading around $2348.50.
Markets eye US CPI data on Wednesday for further direction. Any upbeat US inflation will decrease the chance of a rate cut by the Fed in June.
The disappointing US non-farm payrolls and the dismal US jobless claims have increased the probability of a rate cut by the Fed.
According to the CME Fed watch tool, the probability of a no-rate cut in June increased to 96.5% from 91.6% a week ago.
US dollar index- Bullish. Minor support around 104.50/103.75. The near-term resistance is 106/107.
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 $2345, a break below the targets of $2320/$2300. The yellow metal faces minor resistance around $2375 and a breach above will take it to the next level of $2400/$2420/$2450.
It is good to buy on dips around $2330-32 with SL around $2315 for a TP of $2400.
