Global Trade Uncertainty Lifts Gold Prices from a Month-Long Low
Gold prices rebounded on Thursday (July 31) from a one-month low reached in the previous session, as trade uncertainty sparked by the announcement of new US tariffs increased bullion's appeal, even as expectations of a US interest rate cut in September eased.
Gold prices at the time of writing were at $3,295/oz.
- Buy if the price moves to around $3,302
- Sell if the price moves around $3,288
Resistance 2: $3,316
Resistance 1: $3,309
Support 1: $3,281
Support 2: $3,274
DISCLAIMER
Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions.
Source: Newsmaker.id