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

3 August 2026 12:16  |

Asian Gold Prices Rise; US$4,100 Back in Sight

During the Asian session, gold prices hovered around US$4,061 per troy ounce. Fundamentally, a weaker US dollar and declining US yields are supporting gold, although optimism regarding US-Iran peace efforts is limiting demand for safe-haven assets.

Technically, gold remains bullish albeit with limited upside as long as it holds above US$4,060. A break above US$4,080 opens the door to US$4,100, while a drop below US$4,050 risks a test of the US$4,020 level.

Gold price at the time of this analysis: $4.0

- Buy if the price moves to $4,050

- Sell if the price moves to $4,060

Resistance 2: $4,085

Resistance 1: $4,075

Support 1: $4,043

Support 2: $4,035

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

Source: Newsmaker.id

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