• Wed, Apr 1, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

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

1 April 2026 18:58  |

Gold Rises Driven by Hopes for an End to War

Gold prices again recorded significant gains after President Donald Trump expressed hope that the war in the Middle East would soon end. On Wednesday (April 1), the spot gold price surpassed $4,700 per ounce, driven by this optimism, while global stocks rallied and the US dollar weakened.

This increase occurred despite a nearly 12% drop in gold prices in March, recording its worst performance since October 2008. However, the decline in gold prices was met with buying by investors, indicating that market confidence in this safe-haven asset remains strong. (gn)

Gold Price at the Time of Release of This Analysis Was at $4,746

- Buy if the price moves to $4,755

- Sell if the price moves to $4,733

 

Resistance 2: $4,785

Resistance 1: $4,763

 

Support 1: $4,719

Support 2: $4,697

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

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 BIAS23.com NM23 Ai