Gold Remains High Despite a Shortfall, Market Awaits Clarity
Gold prices fell slightly on Tuesday but remained near their all-time highs. Investors' need for safe havens amidst economic uncertainty has kept gold in demand. This uncertainty stems from the ongoing US government shutdown, despite hopes it will end soon.
Meanwhile, market attention is also focused on the meeting between high-ranking US and Chinese officials in Malaysia, which serves as a prelude to talks between President Trump and President Xi Jinping. Amidst this, investors are awaiting the US inflation report, which was delayed due to the shutdown, as well as the central bank's interest rate decision, which could influence future market direction.
The price of gold at the time of this analysis was released was $4,343
- Buy if the price moves within the $4,350 range
- Sell if the price moves within the $4,336 range
Resistance 2: $4,364
Resistance 1: $4,357
Support 1: $4,329
Support 2: $4,322
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
