Economic and fundamental developments 12-1-2024 • The US Dollar index remained stable near 26 102. points. • Gold prices saw a modest increase during morning trading, reaching levels around $2033. • Oil prices rose at the start of Friday's session, with Brent trading at $78, up by 0.22%, while West Texas Intermediate (WTI) rose to $73, an increase of 0.55%. • Markets are awaiting the release of several key economic indicators today, with the U.S. Producer Price Index (PPI) being one of the highlights. • Microsoft claimed the top spot among global companies in terms of market value, surpassing Apple. XAUUSD 12 January Trend: Down Time frame: 60 mins Current Price: 2033.24 Scenario one: Sell gold around 2038.00 with a target price of 2018.00. Alternative: Buy gold around 2048.00 with a target price of 2070.00 US30 12 January Trend: Up Time frame: 60 mins Current Price: 37689.00 Scenario one: Buy the index around 37661.00 with a target price of 37960.00 Alternative: Sell the index around 37504.00 with a target price of 37198.00 Comment: Trading above the support line and moving averages favors the rise