• Sat, Mar 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

6 March 2026 15:46  |

Gold Rises Amid Global Uncertainty

Gold prices rose on Friday (March 6th) as the market sought safe-haven assets again amid the escalating Middle East conflict. However, gold's gains were still overshadowed by macroeconomic factors.

The weakening US dollar provided room for bullion to rise, making it cheaper for non-dollar buyers. However, rising energy prices due to the war also fueled inflation concerns and dampened expectations of an imminent Fed interest rate cut. This combination kept gold's price volatility buoyed by hedging demand but restrained by the prospect of prolonged high interest rates.

The gold price at the time of this analysis's release was at $5,103.

- Buy if the price moves to $5,119.

- Sell if the price moves to $5,091.

 

Resistance 2: $5,163.

Resistance 1: $5,135.

 

Support 1: $5,079.

Support 2: $5,051.

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. (alg)

Source: Newsmaker.id

Related News

MARKET ANALISYS

Gold Prices Steady Ahead of US CPI Data

Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US infl...

15 January 2025 17:15
MARKET ANALISYS

Silver Pressured as Dollar Strengthens

Silver prices on Tuesday (5/27), pressured by a stronger U.S. dollar and easing demand for safe-haven assets. The dollar rebo...

28 May 2025 01:47
MARKET ANALISYS

Silver prices fall amid positive risk sentiment

Silver prices traded with a negative bias for the third straight day, despite lacking any bearish conviction during the Asian...

30 April 2025 13:00
MARKET ANALISYS

Silver Trades Stagnant as US Dollar Rebounds

Silver (XAG/USD) prices edged lower, the white metal facing pressure as the US Dollar (USD) rallied strongly after President ...

22 January 2025 01:49
BIAS23.com NM23 Ai