Gold Prices Steady Ahead of US Data
Gold held steady on Thursday (06/3), at the beginning of the Asian trading session.
Gold prices moved in the $2918 area.
Market players speculate that the President of the United States (US), Donald Trump, could lift some of his tariffs, at least import duties on automotive related to the USMCA free trade agreement.
The Federal Reserve (Fed) released its Beige Book in anticipation of the upcoming monetary policy, which stated that overall economic activity was increasing, but prices were higher amid Trump's trade policies.
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RECOMMENDATION
- Buy if the price moves to $2,922
- Sell if the price moves to $2,912
Resistance Level 2: $2,927
Resistance Level 1: $2,922
Support Level 1: $2,912
Support Level 2: $2,907
Note:
This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id