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Indonesia News Portal for Traders | Financial & Business Updates

12 August 2025 16:28  |

Bullish Sentiment in Gold Remains Weak, US CPI in Focus

Gold prices (XAU/USD) maintained their moderate intraday gains throughout the first half of the European session on Tuesday, albeit with less optimism as traders awaited the release of US consumer inflation figures.

This important data will play a key role in influencing expectations regarding the Federal Reserve's (Fed) interest rate cut path, which in turn will boost the US Dollar (USD) and provide a significant boost to the non-yielding yellow metal.

Gold prices at the time of writing were at $3,348/Toz.

- Buy if the price moves to around $3,355

- Sell if the price moves around $3,341

 

Resistance 2: $3,369

Resistance 1: $3,362

 

Support 1: $3,334

Support 2: $3,327

DISCLAIMER

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

Source: Newsmaker.id

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