Gold held steady at $3,321/oz in European trading on Tuesday (July 29th). Following the US-EU tariff agreement, 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 the NFP data and the Fed's comments this week could be game-changers.
Market participants are currently awaiting important data, which will be released tonight at 9:00 PM WIB. The results of the data could lead market participants to speculate ahead of the FOMC.
The gold price at the time of writing was $3,321/oz.
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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