Gold Daily | Stable Gold Prices Supported by Weak U.S. Employment Data and Rate Cut Expectations
Generated by AI AgentAinvest Market Brief
Tuesday, Aug 5, 2025 8:01 am ET1min read
Aime Summary【Latest Gold Price and Recent Trends】
Gold prices remain stable around $3,365, slightly lower than Monday’s peak at $3,385, driven by weak U.S. employment data that heightens rate cut expectations for September, supporting gold as the dollar and bond yields decline.
【Technical Analysis】
Gold maintains a bullish stance on daily charts with RSI above 55, indicating quick buying on dips. The 21-day moving average is nearing a golden cross with the 50-day average. Key support levels are at $3,345, while resistance lies at $3,440. Traders may require strong catalysts to breach $3,450.
【Market Sentiment and Economic Background】
Recent U.S. employment data shows a decrease in job numbers, reinforcing rate cut expectations. The Federal Reserve's potential dovish stance supports gold, considered a safe asset in uncertain times. Concerns over Fed independence due to political pressures and weak job reports further impact the dollar, boosting gold’s appeal. Additionally, U.S.-India trade tensions add to global uncertainties.
【Analyst Opinions】
Analysts suggest the likelihood of a Fed rate cut in September is increasing, positively affecting gold. While gold remains vulnerable to technical resistance, the long-term outlook appears favorable given the expected rate cuts and inflation concerns. The upcoming ISM services PMI data could significantly influence market expectations, with a strong report potentially tempering rate cut hopes and affecting gold prices.
Gold prices remain stable around $3,365, slightly lower than Monday’s peak at $3,385, driven by weak U.S. employment data that heightens rate cut expectations for September, supporting gold as the dollar and bond yields decline.
【Technical Analysis】
Gold maintains a bullish stance on daily charts with RSI above 55, indicating quick buying on dips. The 21-day moving average is nearing a golden cross with the 50-day average. Key support levels are at $3,345, while resistance lies at $3,440. Traders may require strong catalysts to breach $3,450.
【Market Sentiment and Economic Background】
Recent U.S. employment data shows a decrease in job numbers, reinforcing rate cut expectations. The Federal Reserve's potential dovish stance supports gold, considered a safe asset in uncertain times. Concerns over Fed independence due to political pressures and weak job reports further impact the dollar, boosting gold’s appeal. Additionally, U.S.-India trade tensions add to global uncertainties.
【Analyst Opinions】
Analysts suggest the likelihood of a Fed rate cut in September is increasing, positively affecting gold. While gold remains vulnerable to technical resistance, the long-term outlook appears favorable given the expected rate cuts and inflation concerns. The upcoming ISM services PMI data could significantly influence market expectations, with a strong report potentially tempering rate cut hopes and affecting gold prices.
Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.
Latest Articles
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
ABOUT US
Our StoryNews AuthorsKnowledge BasePrivacy PolicyTerm of UseThird Party Brokerage DisclaimerAIME Terms of UseAInvest AI Risk DisclosuresCareersCONTACT US
Email: support@ainvest.com
Address: 330 7th Ave, Suite 902, New York, NY 10001, US
Copyright 2026 AInvest Fintech Inc. All rights reserved.
Comments
No comments yet