Gold Holds Hot Near Record
Gold prices fluctuated around $4,830 per ounce on Thursday, erasing earlier losses and remaining close to all-time highs. Market sentiment was influenced by easing geopolitical tensions after US President Donald Trump withdrew his threat of tariffs against Europe over Greenland and reiterated his refusal to use military force.
However, uncertainty remains as Denmark rejects negotiations on territorial transfers, while the European Parliament has delayed approval of the EU-US trade agreement. Meanwhile, a sharp sell-off in Japanese government bonds and the anticipation of US PCE inflation data have kept demand for safe-haven assets like gold under control. (az)
The price of gold at the time of this analysis was $4,833
- Buy if the price is at $4,840
- Sell if the price is at $4,826
Resistance 2: $4,854
Resistance 1: $4,847
Support 1: $4,819
Support 2: $4,812
Disclaimer
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id