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Indonesia News Portal for Traders | Financial & Business Updates

9 February 2026 16:42  |

Global Uncertainty Drives Gold Strength

Global gold prices have strengthened again above key levels, driven by fundamental factors that are now increasingly supporting demand for the precious metal. A weaker US dollar makes gold cheaper for buyers based in other currencies.

Meanwhile, market participants await the release of key US economic data that could strengthen expectations of a Fed interest rate cut—a historically favorable environment for non-yielding assets like gold, as it depresses real yields and increases the metal's appeal as a hedge against market and inflation risks.

Oil price at the time of this analysis is $5,020

- Buy if the price moves below $5,035

- Sell if the price moves below $5,009

 

Resistance 2: $5,076

Resistance 1: $5,050

 

Support 1: $4,998

Support 2: $4,972

Disclaimer:

This article is analytical in nature and is not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.

Source: Newsmaker.id

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