Gold Rises on Weaker US Inflation Data
Gold prices rose to a one-week high on Thursday, boosted by weaker US inflation data that reinforced expectations for a Federal Reserve interest rate cut this year, while investors eyed a raft of other inflation data for further direction.
RECOMMENDATIONS
- Buy if price breaks above $3,388
- Sell if price breaks above $3,378
Resistance 2: $3,402
Resistance 1: $3,395
Support 1: $3,371
Support 2: $3,364
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