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

1 July 2025 16:00  |

Not Just Data! This is Why Gold Can Fly Again!

Gold strengthened to $3,340 in the European session (01/07) driven by the weakening US Dollar as the market is increasingly convinced that the Fed will cut interest rates. US fiscal concerns have also pushed the USD to its lowest level since 2022, supporting gold's appeal as a safe asset.

Uncertainty ahead of Trump's July 9 tariff policy has also boosted demand for safe havens. However, risk-on sentiment and the release of US NFP data this week have made the market tend to wait and see. In general, fundamentals still favor strengthening gold.

Recommendations:

Buy if the price breaks above $3345

Sell if the price breaks below $3335

Resistance 2: $3351

Resistance 1: $3345

 

Support 1: $3335

Support 2: $3329

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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