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Indonesia News Portal for Traders | Financial & Business Updates

4 August 2025 16:07  |

Gold Remains Unrecovered, Focus on Fed Policy

Gold prices (XAU/USD) have declined from the $3,369 region, a more than one-week high touched during the Asian session on Monday (August 4th), and currently appear to be stagnating after a relatively strong recovery from last week's one-month low.

The US dollar (USD) attracted buying interest earlier this week, reversing some of the weakness triggered by Friday's weaker US employment data, along with a modest rebound in US Treasury bond yields. This, in turn, has been a major factor undermining the precious metal.

Gold prices at the time of writing were at $3,358/Toz.

- Buy if the price moves to around $3,365

- Sell if the price moves around $3,351

 

Resistance 2: $3,379

Resistance 1: $3,372

 

Support 1: $3,344

Support 2: $3,337

DISCLAIMER

Note: This article is for analysis only and is not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.

Source: Newsmaker.id

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