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

1 July 2025 08:07  |

Gold Returns to $3300 Area

Gold prices got a little boost from expectations of a US interest rate cut at the opening on Tuesday (1/7). The market expects three interest rate cuts in the US during the second half of this year, which could support non-yielding assets such as gold.

On the gold side, it is also still getting resistance thanks to a combination of a weakening US dollar and global uncertainty that is still raging, especially in the Middle East between Israel and Iran.

Recommendations:

Buy if the price breaks above $3319

Sell if the price breaks below $3309

Resistance 2: $3340

Resistance 1: $3327

Support 1: $3300

Support 2: $3382

Note: This article is intended for analysis and not as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.

Source: Newsmaker.id

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