Stock Futures Dip as Investors Await Key Payrolls Data 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
China's Refining Industry Faces Major Shakeup Amid Challenges 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
US Gas Market Poised for Supercycle: Bernstein Analysts 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2350.48
Kijun-Sen- $2344.93
Gold showed a minor jump after dismal US employment data. It hit a high of $2375 yesterday and is currently trading around $2363.41.
US private sector added 152000 jobs in May, below the downward revised 188000 in Apr and below the forecast of 175000.
US ISM services PMI - Bullish (negative for Gold)
Markets eye US initial jobless claims and ECB monetary policy 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 $2340, a break below the target of $2315/$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 $2340 with SL around $2315 for TP of $2500.
