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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

30 April 2026 09:31  |

Gold Rebounds, But Remains "Higher for Longer"

Gold edged up after a three-day decline, driven by buying on weaker prices. Spot gold briefly rose 0.7% to around $4,573/oz, despite the Fed holding interest rates and hawkish dissent triggering a surge in the yield factor, which typically pressures non-yielding gold.

The main pressure remains from high oil prices and inflation risks, with Brent hovering around $120/barrel and gold still heading for its second monthly decline. However, there is a cushion from increased central bank purchases, so gold tends to move sideways: rising on dip-buying, but struggling to continue if USD/yield remains strong.

The Gold Price at the Time of This Analysis' Release Was at $4,573

- Buy if the price moves to $4,600

- Sell if the price moves to $4,550

Resistance 2: $4,633

Resistance 1: $4,615

Support 1: $4,535

Support 2: $4,515

Note: This article is analytical in nature and not a definitive reference. Please consider the impact of fundamental and technical developments on your trading before making any investment decisions.

Source: Newsmaker.id

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