• Tue, Mar 3, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

1 August 2025 16:40  |

Safe Haven Tested, Gold Stagnates

Gold prices held steady at $3,294 per ounce, despite a 1.4% weekly decline. Uncertainty over new US tariffs boosted interest in safe haven assets, but a strengthening dollar limited gains.

The market now awaits Friday's US jobs data. If the data is weak, the likelihood of a Fed rate cut could increase gold's upside. Other metals such as silver and platinum also weakened.

Gold prices at the time of writing were at $3,294/oz.

- Buy if the price moves to around $3,300

- Sell if the price moves around $3,289

 

Resistance 2: $3,306

Resistance 1: $3,300

 

Support 1: $3,289

Support 2: $3,283

 

DISCLAIMER

Note: This article is for analysis purposes only and is not a definitive reference. Pay attention to developments in fundamental and technical aspects of trading before making investment decisions. (ayu)

Source: Newsmaker.id

Related News

MARKET ANALISYS

Gold Prices Steady Ahead of US CPI Data

Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US infl...

15 January 2025 17:15
MARKET ANALISYS

Silver Pressured as Dollar Strengthens

Silver prices on Tuesday (5/27), pressured by a stronger U.S. dollar and easing demand for safe-haven assets. The dollar rebo...

28 May 2025 01:47
MARKET ANALISYS

Silver prices fall amid positive risk sentiment

Silver prices traded with a negative bias for the third straight day, despite lacking any bearish conviction during the Asian...

30 April 2025 13:00
MARKET ANALISYS

Silver Trades Stagnant as US Dollar Rebounds

Silver (XAG/USD) prices edged lower, the white metal facing pressure as the US Dollar (USD) rallied strongly after President ...

22 January 2025 01:49
BIAS23.com NM23 Ai