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

Indonesia News Portal for Traders | Financial & Business Updates

4 August 2025 12:19  |

Gold Rally Eases, Investors Take Profits After US Data Release

Gold prices fell slightly on Monday (August 4th) as investors took profits following the sharp rally in the previous session, driven by weaker-than-expected US employment data.

Nonfarm payrolls data showed an increase of just 73,000 jobs in July, well below expectations, while June's figure was revised down to just 14,000, reinforcing market expectations of a Fed rate cut in September, with the probability now reaching 81% according to CME FedWatch.

Amid this dovish sentiment, geopolitical uncertainty has risen again after US President Donald Trump imposed new tariffs on several countries, and a statement by Trade Representative Jamieson Greer indicated that these tariffs are likely to remain in place.

Gold prices at the time of writing were at $3,359/oz.

- Buy if the price moves to around $3,364

- Sell if the price moves around $3,354

 

Resistance 2: $3,378

Resistance 1: $3,371

 

Support 1: $3,347

Support 2: $3,340

DISCALIMER

Note: This article is for analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

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