Gold -
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2447
Kijun-Sen- $2442
Gold hits a fresh all-time high as demand for safe-haven assets increases. It hit a high of $2531 and is currently trading around $2513.
Markets eye FOMC meeting minutes today week for further direction.
Indian gold demand has seen a nice jump after the government cut import tax to 6% from 15%.
The weak US dollar and easing US treasury yield support the yellow metal at a lower price.
According to the CME Fed watch tool, the probability of a 25 bpbs rate cut in Sep increased to 67.5% from 47% a week ago.
US dollar index- Bearish. Minor support is around 101.80/100.60. The near-term resistance is 102.50/103.
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 $2470, a break below the target of $2450/$2430/$2400. The yellow metal faces minor resistance around $2515 and a breach above will take it to the next level of $2554.
It is good to buy on dips around $2450-55 with an SL around $2430 for a TP of $2510/$2550.


UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
2025 Market Outlook: Key January Events to Watch
Urban studies: Doing research when every city is different
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Stock Futures Dip as Investors Await Key Payrolls Data
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Energy Sector Outlook 2025: AI's Role and Market Dynamics
China's Refining Industry Faces Major Shakeup Amid Challenges
Wall Street Analysts Weigh in on Latest NFP Data 



