Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
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 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Urban studies: Doing research when every city is different 
2025 Market Outlook: Key January Events to Watch 
Stock Futures Dip as Investors Await Key Payrolls Data 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2408
Kijun-Sen- $2387
Gold gained sharply on board-based US dollar selling. It hit a high of $2439.78 yesterday and is currently trading around $2434.86
Powell's positive comments about inflation “I would say we didn't gain any additional confidence in the first quarter, but the three readings in the second quarter, including the one from last week, do add somewhat to confidence,”. It increases the chance of a rate cut in Sep.
Market eyes US retail sales today for further direction.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 87.6% from 70.2% a week ago.
US dollar index- Bearish. Minor support around 104/103. The near-term resistance is 105/106.20.
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 $2420, a break below the target of $2400/$2385/$2366/$2350. The yellow metal faces minor resistance around $2450 and a breach above will take it to the next level of $2500.
It is good to buy on dips around $2415-16 with an SL of around $2400 for a TP of $2500.
