Gold Prices Today, Thursday, May 6, 2021, Look For Opportunities When The US Dollar Is Correcting


Bisnis.com, JAKARTA – The price of gold has the opportunity to strengthen in line with the weakening of the US dollar which increases market interest in precious metals.

In trading Thursday (6/5/2021) at 07.50 WIB, the spot gold price fell 0.15 percent to US $ 1,784.22 per troy ounce. The Comex gold price contract in June 2021 rose 0.06 percent to US $ 1,785.3 per troy ounce.

The Monex Investindo Futures report states that the price of gold ended up US $ 8.19 at the level of US $ 1,786.75 per troy ounce on Wednesday (5/5/2021) due to the weakening US dollar sentiment as pessimistic data on the US ADP Non-Farm Employment Change and ISM Services US PMI.

“On the other hand, US Finance Minister Janet Yellen, who clarified her statement regarding interest rates, also put pressure on the US dollar,” he explained in a research publication.

According to the Monex analyst team, gold has the opportunity to be bought further this morning (6/5/2021), targeting resistance at US $ 1,793 in the middle outlook further US dollar weakness.

However, if it moves down to break below the level of US $ 1,779, gold will have a chance to sell, targeting the support at US $ 17.77. The potential trading range for the Asian session is US $ 1,777-US $ 1,793.

Domestically, the price of 24 carat gold bullion sold at Pegadaian today, Thursday (6/5/2021) has been observed to decline for both UBS and Antam prints.

Based on information on the official Pegadaian website, the price of 24 carat gold UBS is the smallest size, which is 0.5 grams, pegged at IDR 494,000, a decrease of IDR 2,000 compared to yesterday. The smallest Antam gold is priced at IDR 535,000, a decrease of IDR 4,000.

READ  Leading article on the MCH Group - That's it for Messe Basel

The price of 1 gram of UBS gold was sold for IDR 924,000, a decrease of IDR 4,000 compared to yesterday’s price. Meanwhile, Antam’s 24 carat gold costs IDR 963,000, down to IDR 8,000.

Watch the movement of gold prices today live.

15:13 WIB

Spot gold was up 0.28 percent

At 15:10 WIB, the spot gold price rose 0.28 percent to US $ 1,791.94 per troy ounce.

The Comex gold price contract in June 2021 increased 0.42 percent to US $ 1,791.8 per troy ounce.

13:30 WIB

The price of gold is still fast

At 13.26 WIB, the spot gold price rose 0.24 percent to US $ 1,791.21 per troy ounce.

The Comex gold price contract in June 2021 increased 0.15 percent to US $ 1,791.8 per troy ounce.

11:21 WIB

The spot gold price was up 0.08 percent

At 11.16 WIB, the spot gold price rose 0.08 percent to US $ 1,788.25 per troy ounce.

The Comex gold price contract in June 2021 increased 0.21 percent to US $ 1,788.1 per troy ounce.

10:02 WIB

Gold price went up

At 09.58 WIB, the spot gold price rose 0.12 percent or 2.12 points to US $ 1,788.99 per troy ounce.

The Comex gold price contract in June 2021 increased 0.15 percent or 2.6 points to US $ 1,786.9 per troy ounce.

Watch the Featured Video Below:

.

Leave a Comment