Bank of America Posts Strong Q4 2024 Results, Shares Rise 
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
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 
Urban studies: Doing research when every city is different 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Gold Vs US 10-year yield
Ichimoku Analysis (4 Hour chart)
Tenken-Sen- $2415
Kijun-Sen- $2401
Gold pared most of its gains despite the weak US dollar. It hit a low of $2399 at the time of writing and is currently trading around $2385.
The probability of a rate cut by the Fed increased after the dismal US jobs data. The easing US treasury yield and weak US dollar support the precious metal at lower levels.
According to the CME Fed watch tool, the probability of a 50 bpbs rate cut in Sep increased to 81.50% from 11.50% a week ago.
US dollar index- Bearish. Minor support is around 102/100.80. The near-term resistance is 103.40/104.
Factors to watch for gold price action-
Global stock market- Bearish (bullish for gold)
US dollar index - Bearish (positive for gold)
US10-year bond yield- Bearish (positive for gold)
Technical:
The near–term support is around $2368, a break below the target of $2350/$$2340. The yellow metal faces minor resistance around $2400 and a breach above will take it to the next level of $2420/$2440/$2450/$2475/$2480.
It is good to buy on dips around $2365 with an SL of around $250 for a TP of $2440.
