Gold Down as Trump, Xi Engage in Trade Talks
Gold prices fell on Thursday (05/06), supported by easing geopolitical tensions, dovish central bank signals and continued weakness in U.S. labor market data, factors that continued to boost demand for safe-haven assets.
The call between President Xi and Trump came hours before German Chancellor Friedrich Merz’s scheduled visit to the White House, where he is expected to press Trump to ease tariffs on European exports amid rising global trade tensions.
RECOMMENDATIONS
- Buy if price breaks above $3,360
- Sell if price breaks above $3,348
Resistance 2: $3,374
Resistance 1: $3,367
Support 1: $3,341
Support 2: $3,334
Note: This article is for analytical purposes only and is not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id