2025 Market Outlook: Key January Events to Watch 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close 
Geopolitical Shocks That Could Reshape Financial Markets in 2025 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Stock Futures Dip as Investors Await Key Payrolls Data 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2308
Kijun-Sen- $2337
Gold showed a minor pullback ahead of US CPI and Fed policy.It hit a high of $2319 yesterday and is currently trading around $2314.70.
Marlets expects a weak headline CPI at 0.10% m/m from 0.30% previous month. Core CPI is expected to rise by 0.30% m/m from 0% in Apr. Any hawkish rate pause will drag the precious metal further down.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep decreased to 48.30% from 57.20% a week ago.
US dollar index- Bullish. Minor support around 104/103. The near-term resistance is 106/107.
Factors to watch for gold price action-
Global stock market- Bullish (negative for gold)
US dollar index - Bullish (negative for gold)
US10-year bond yield- Bearish (Positive for gold)
Technical:
The near–term support is around $2280, a break below the target of $2270/$2250/$2228. The yellow metal faces minor resistance around $2320 and a breach above will take it to the next level of $2340/$2350/$2375.
It is good to sell on rallies around $2315-18 with SL around $2340 for TP of $2252.
