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Indonesia News Portal for Traders | Financial & Business Updates

5 August 2025 17:05  |

Gold Holds Steady Near Highs, Market Anticipates Fed Easing

Gold prices held steady on Tuesday (August 5th), holding near the two-week high reached in the previous session, as weaker-than-expected US employment data raised expectations for a September interest rate cut and pressured the US dollar and government bond yields.

Spot gold was trading at $3,369.25 per ounce as of 06:29 GMT. Bullion hit its highest level since July 24th on Monday. US gold futures were unchanged at $3,423.20.

Gold prices were at $3,360/oz at the time of writing.

- Buy if the price moves to around $3,367

- Sell if the price moves around $3,353

 

Resistance 2: $3,381

Resistance 1: $3,374

 

Support 1: $3,346

Support 2: $3,339

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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