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Indonesia News Portal for Traders | Financial & Business Updates

22 August 2025 16:11  |

Gold Under Pressure from Dollar, Awaits Powell's Signal

Gold prices fell on Friday (August 22nd), driven by a strengthening US dollar, which makes gold more expensive for foreign buyers.

Meanwhile, investors await Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium as a key indicator of the direction of future monetary policy.

CME FedWatch indicates a 75% probability of an interest rate cut at the next Fed meeting, a key support for non-yielding assets like gold.

Gold prices at the time of writing were at $3,329/Toz.

- Buy if the price moves to around $3,336

- Sell if the price moves around $3,322

 

Resistance 2: $3,350

Resistance 1: $3,343

 

Support 1: $3,315

Support 2: $3,308

DISCLAIMER

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

Source: Newsmaker.id

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