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

1 July 2026 08:22  |

Gold Holds at US$4,000, Fed and Hormuz Determine Direction!

Gold prices held steady above US$4,000 per troy ounce on Wednesday (July 1st), as the market monitored US-Iran peace talks and the Fed's interest rate direction. Spot gold was trading at around US$4,006.73 after weakening nearly 2% in the last two sessions, pressured by expectations of a hawkish Fed stance.

Market analysts consider the US$4,000 level to be an important psychological support level. If gold can break through US$4,100, the opportunity for a short-term rebound opens up. However, a strengthening US dollar and the possibility of an interest rate hike still pose a risk of further pressure on gold prices. (asd)

Gold Price at the Time of This Analysis' Release: $3,976

- Buy if the price moves to $4,005

- Sell if the price moves to $3,989

Resistance 2: $4,031

Resistance 1: $4,015

Support 1: $3,983

Support 2: $3,967

Note: 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

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