Global gold prices are holding steady in the positive area at around $3,343 per ounce after rallying 2% in the previous two sessions. Currently, the market is taking a wait-and-see attitude ahead of two major agendas from the US: the House vote on Trump's tax bill and the release of June employment data.
Although the US dollar strengthened slightly, positive sentiment towards gold remained intact as fiscal concerns, geopolitical tensions, and the direction of trade policy are still the main concerns of investors. Additional support came from central bank purchases and fund flows into gold-based ETFs, indicating that medium-term interest is still strong. If Thursday's employment data disappoints, the opportunity for gold to approach its highest level again will be even more open.
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Source: Newsmaker.id
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