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

3 June 2026 10:44  |

Gold Falls Slightly, Oil Rises Again

Gold weakened slightly in the Asian session after the Middle East conflict re-escalated and made US-Iran negotiations appear uncertain. Prices briefly fell to near US$4,460/oz before stabilizing, while Brent rose again to around US$97/barrel.

High oil prices maintained inflation concerns, leading the market to believe interest rates could remain tight for longer, putting pressure on non-yielding gold. Strong US job openings data further reinforces the "higher for longer" narrative. (asd)

Gold Price at the Time of This Analysis: $4,484

- Buy if the price moves to $4,493

- Sell if the price moves to $4,442

Resistance 2: $4,547

Resistance 1: $4,512

Support 1: $4,407

Support 2: $4,372

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

Source: Newsmaker.id

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