Trade Talks Continue, Gold Under Pressure
Gold prices were under pressure early Tuesday (10/6) after yesterday's continued trade talks between envoys from the US and China were held in London. Positive talks would certainly weaken gold prices which thrive in economic uncertainty.
US President Donald Trump's top trade officials met with their Chinese counterparts in London on Monday (9/6) for talks aimed at resolving the ongoing trade dispute between the world's two largest economies. US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer represented the US. China's Foreign Ministry said on Saturday that Vice Premier He Lifeng, Beijing's chief trade negotiator, would be in the UK between June 8-13, and that a meeting of the "China-US economic and trade consultation mechanism" would take place.
RECOMMENDATION
- Buy if price breaks above $3,312
- Sell if price breaks above $3,302
Resistance 2: $3,325
Resistance 1: $3,317
Support 1: $3,295
Support 2: $3,283
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