Gold Holds Gains Near Monthly High
Gold held above $2,660 an ounce on Thursday after hitting its highest in a month, holding onto recent gains as investors continued to assess the outlook for Fed monetary policy ahead of key U.S. jobs data.
The latest FOMC minutes indicated inflation is likely to ease this year, but policymakers noted the risk of persistent price pressures, in part due to Trump’s policies. The central bank also signaled that it may be nearing a point where it could slow the pace of policy easing, denting the appeal of the non-yielding metal.
RECOMMENDATION
- Buy if the price moves to around $2,677
- Sell if the price moves to around $2,667
Resistance Level 2: $2,692
Resistance Level 1: $2,684
Support Level 1: $2,660
Support Level 2: $2,652
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.
Source: Newsmaker.id