Gold Price Still Consolidating, US Jobs Data Eyed


Jakarta - The price of gold on Thursday (2/9) was still consolidating while market players were still waiting for the government's version of the US employment data due this Friday night to determine the next price direction.

"Tonight there will also be US weekly unemployment benefit claims data that will be released. If the data shows an increase in the number of claims, which means the number of unemployed increases, the dollar will likely weaken and gold prices will strengthen and vice versa," said Commodity Observer Ariston Tjendra in Jakarta.

Ariston explained that technically the opportunity to strengthen the gold price is still open as long as the price stays above US$1,800 per troy ounce.

"Today, the opportunity for strengthening is still in the resistance range of U $ 1,820-1,830 per troy ounce," he said.


Penulis : Widya