Gold Edges Higher to Start Week
Gold was steady on Monday (6/9) — after dropping nearly 2% over the previous two sessions — as the next round of U.S.-China trade talks offered hope that tensions between the two largest economies could ease.
Bullion prices were trading above $3,315 an ounce, after falling on Friday as better-than-expected U.S. jobs data eased some concerns about the country’s economic slowdown.
Top trade negotiators from Washington and Beijing are set to hold fresh talks in London on Monday, with China’s dominance in rare earth production a major focus.
RECOMMENDATIONS
- Buy if price breaks above $3,328
- Sell if price breaks above $3,314
Resistance 2: $3,342
Resistance 1: $3,335
Support 1: $3,307
Support 2: $3,300
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
