• Thu, May 7, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

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

7 May 2026 09:27  |

Gold Maintains Momentum

Gold held steady above US$4,703 per ounce after a sharp surge, supported by falling oil prices, a weaker US dollar, and hopes for a US-Iran peace deal. The weakening energy market also eased inflation and suppressed bond yields.

However, the market remains cautious as Iran continues to submit proposals to the US and the geopolitical situation remains uncertain. Gold's future direction remains dependent on developments in the peace deal, the US dollar, yields, and the Fed's policy signals. (asd)

Gold Price at the Time of Release of This Analysis Was at $4,706

- Buy if the price moves to $4,724

- Sell if the price moves to $4,693

Resistance 2: $4,769

Resistance 1: $4,737

Support 1: $4,673

Support 2: $4,641

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