Geopolitical Shocks That Could Reshape Financial Markets in 2025 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
US Gas Market Poised for Supercycle: Bernstein Analysts 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Wall Street Analysts Weigh in on Latest NFP Data 
Bank of America Posts Strong Q4 2024 Results, Shares Rise 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2337.38
Kijun-Sen- $2343.28
Gold trades flat ahead of US ADP employment data. It hit a low of $2315 yesterday and is currently trading around $2332.50.
US JOLTS job openings - Weak (negative for Gold)
Markets eye US ADP employment change and US ISM services PMI for further movement.
According to the CME Fed watch tool, the probability of a no-rate cut in June decreased to 99.9% from 99.10% a week ago.
US dollar index- Bearish. Minor support around 104/103. The near-term resistance is 105/106.50.
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 $2315, a break below the targets of $2300/$2285/$2270. The yellow metal faces minor resistance around $2365 and a breach above will take it to the next level of $2375/ $2400/$2420/$2450.
It is good to buy on dips around $2300 with SL around $2270 for TP of $2500.
