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

7 July 2025 07:59  |

Gold Down, Ready for a Rise?!

Gold prices are under pressure amid uncertainty surrounding US trade negotiations, ahead of the July 9 tariff deadline. Spot gold fell 0.4% to around $3,325 an ounce, after posting a nearly 2% gain the previous week.

Investors are currently cautious, waiting for clarity on the direction of President Donald Trump's tariff policy. Although gold remains a safe haven asset amid global geopolitical and economic risks, the market tends to move sideways due to the lack of clear short-term catalysts.

As of this news release, Gold Prices Are at $3,325

Recommendations:

Buy if the price breaks above $3,319

Sell if the price breaks below $3,331

 

Resistance 2: $3,337

Resistance 1: $3,331

Support 1: $3,319

Support 2: $3,316

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

Source: Newsmaker.id

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