ANALYSIS
NQ100 Finds Support from PPIApr 14
Ons Gold Continues to Be Resilient With Tensions on The Black Sea Line
The dollar's recovery effort in international markets is causing ons gold prices to lose momentum. However, there is support reflected in the easing observed up to 2.70 percent in the US 10-years indicator of debt instruments. On the other hand, the reaction from Ukraine to Russia's offer to lift the blockade on Ukrainian ports in order to restart transportation in the Black Sea, with the emphasis on "the possibility of attacking Odessa", creates demand in the global commodity market. Technically, the recovery path is preserved in ounce gold. As long as the 1836 level is defended below as a support, the level of 1863 may come to the fore after 1854 with the buying pressure that will be in effect.
