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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

30 June 2025 13:54  |

Gold Rebounds Amid Rate Cut Optimism, Easing Global Tensions

Gold Rebounds Amid Rate Cut Optimism, Easing Global Tensions

The Gold price (XAU/USD) recovers some lost ground during early European trading hours on Monday. Rising bets that the US Federal Reserve (Fed) will cut rates more times this year and possibly sooner than previously expected might undermine the Greenback and support the USD-denominated commodity price as a weaker USD makes Gold cheaper for foreign buyers.

Nonetheless, improved risk sentiment due to the US-China trade agreement, along with the ceasefire deal between Israel and Iran could diminish bullion's appeal as a traditional safe-haven asset. Traders brace for the Fedspeak later on Monday.

The price of gold when this news was released was +0.5%, or at the level of $3292/Toz.

Recommendation:

Buy if price breaks above $3300

Sell if price breaks below $3284

 

Resistance 2: $3314

Resistance 1: $3307

 

Support 1: $3277

Support 2: $3269

Note: This article is intended for analysis and not as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.

 

Source: Newsmaker.id

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