Gold traded around $3,360 per ounce on Thursday, supported by news of a US-Vietnam trade deal and ongoing dollar weakness.
The deal, which eases some tariffs on Vietnamese goods, increased hopes for further bilateral agreements. Meanwhile, softer US labor data, ADP figures showed the first payrolls drop in over two years, strengthened the case for Fed easing.
Tensions in the Middle East, with Iran halting cooperation with the UN nuclear agency, added a touch of geopolitical risk.
Resistance is at $3,395, while support holds at $3,330.
The deal, which eases some tariffs on Vietnamese goods, increased hopes for further bilateral agreements. Meanwhile, softer US labor data, ADP figures showed the first payrolls drop in over two years, strengthened the case for Fed easing.
Tensions in the Middle East, with Iran halting cooperation with the UN nuclear agency, added a touch of geopolitical risk.
Resistance is at $3,395, while support holds at $3,330.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.