• Wed, Aug 5, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

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

5 August 2026 08:44  |

Gold Strengthens as Dollar Weakens

Gold prices strengthened during Asian trading (August 5), supported by a weakening US dollar. Spot gold rose approximately 0.1 percent to US$4,081.09 per troy ounce. A weaker dollar makes gold more affordable for buyers using other currencies, thereby helping to boost demand.

Gains in gold prices remain limited as the market awaits the ADP Employment data due tonight and the Nonfarm Payrolls report on Friday. These figures will provide key insights into the Federal Reserve's future interest rate policy. Meanwhile, positive developments in efforts to resolve the US-Iran conflict have dampened demand for safe-haven assets, preventing gold from rising further.

Gold price at the time of this analysis: $4,088

- Buy if the price moves to $4,092

- Sell if the price moves to $4,080

 

Resistance 2: $4,109

Resistance 1: $4,097

 

Support 1: $4,073

Support 2: $4,061

Note: This article is analytical in nature and does not constitute a definitive recommendation. 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