Jakarta, CNBC Indonesia – World gold prices moved down in this morning’s trade. Now the price of the precious metal is below US $ 1,600/troy ounce.
On Monday (26/7/2021) at 06:50 WIB, the world gold price on the spot market was recorded at US$ 1,799.97/troy ounce. Slightly down 0.08% compared to the previous day’s position.
In the past week, gold prices fell 0.58% point-to-point. But in the past month, the price still posted an increase of 1.41%.
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However, now seems to be the right moment for investors to enter. One, the price of gold is ‘cheap’. Two, in the future there is hope that prices will rise.
Wang Tao, Reuters Commodity Analyst, expects gold prices to test the point resistance d US$ 1,810/troy ounce. If this point is broken, the price may rise to the range of US$ 1,815-1,825/troy ounce.
“The price of gold has held two times and has not broken through the point support US $ 1,795/troy ounce. Only a break of US $ 1,795/troy ounce will bring the price down further to US $ 1,785/troy ounce, “Wang said in his daily research.
 Source: Reuters-– |
But, added Wang, it is possible bullish seems higher. Although vague, he assessed that there was a possibility that the price of gold would shoot up to US$ 1,897-1,988/troy ounce.
 Source: Reuters-– |
CNBC INDONESIA RESEARCH TEAM
(aji / aji)
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