• Wed, Apr 29, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

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

29 April 2026 11:59  |

Federal Funds Rate Sights, Gold Seeks Safety!

Gold consolidated around $4,600 during the Asian session as markets held their positions ahead of the FOMC decision and, in particular, Jerome Powell's tone at the press conference, which will determine the direction of the dollar and yields.

The US-Iran talks standoff supported the USD as a safe haven and restrained gold's gains, while technical pressure remained bearish after gold hit a three-week low. The risk of further downside opens up if the dollar remains strong and the Fed sounds hawkish. (asd)

Gold Price at the Time of This Analysis' Release: $4,607

- Buy if the price moves to $4,613

- Sell if the price moves to $4,601

Resistance 2: $4,626

Resistance 1: $4,619

Support 1: $4,505

Support 2: $4,500

Caution: This article is analytical in nature and 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