Gold stabilized at $3,337/oz following the US-EU tariff agreement, but the market remains preoccupied with discussions about the implementation and direction of US-China negotiations. Sentiment remains positive thanks to low interest rates and geopolitical tensions, although this week's NFP data and Fed comments could be game-changers.
Prices held above the $3,320 support but lost momentum. A break below $3,360 could push the price to $3,400, while a break below $3,320 would signal a correction to $3,280.
The gold price at the time of writing was $3,337/oz.
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 (ayu)
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