• Mon, Mar 2, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

19 August 2025 17:01  |

Gold Gains Slightly, Focus on Powell's Jackson Hole Speech

Gold prices strengthened slightly on Tuesday (August 19), driven by a weaker dollar amid expectations of a US interest rate cut. Investors are now awaiting Fed Chairman Jerome Powell's remarks at the Jackson Hole symposium on August 21–23, which is expected to provide clarity on the direction of monetary policy.

According to CME FedWatch, the market is pricing in an 83% chance of a 25 basis point rate cut at the Fed's September meeting. However, UBS analyst Giovanni Staunovo believes it is too early for the Fed to commit to its next move, given the number of data releases before the meeting.

Gold prices were at $3,339/oz at the time of writing.

- Buy if the price moves to around $3,346

- Sell if the price moves around $3,332

 

Resistance 2: $3,360

Resistance 1: $3,353

 

Support 1: $3,325

Support 2: $3,318

 

DISCLAIMER

Note: This article is analytical only and is not a definitive reference. Please 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