Gold Has Opportunity to Continue Strengthening Supported by Central Bank Buying
Gold prices held above US$4,100 per troy ounce and recorded their first monthly gain since the Middle East conflict began. Demand for safe-haven assets has rebounded amid geopolitical threats, US tariff policies, and concerns about the appetite for AI-based technology stocks.
Key support comes from continued increases in central bank purchases. The World Gold Council plans net purchases of 244 tons in the first quarter of 2026, while China is further increasing its gold reserves. As long as official demand remains strong and global risks persist, the gold trend is likely to be positive, despite the continued expectation of a rising dollar and interest rates. (asd)
Gold price at the time of this analysis: $4,127
- Buy if the price moves to $4,139
- Sell if the price moves to $4,121
Resistance 2: $4,163
Resistance 1: $4,145
Support 1: $4,109
Support 2: $4,091
Note: This article is analytical in nature and not a definitive reference. Please consider the impact of fundamental and technical developments on your trading before making any investment decisions.
Source: Newsmaker.id
