Although the dollar strengthened broadly, the gold market closed at just $ 1812 an ounce on Monday after falling below $ 1800 an ounce earlier this week. On Tuesday, gold hit a daily high of $ 1825 an ounce.

Housing starts in the United States rose 6.3 percent in June to a seasonally adjusted annual rate of 1.64 million units, the Commerce Department said Tuesday. That’s up from 2.1 percent in May, according to data from the United States released on Tuesday. Economists have forecast a growth rate of 1.59 million units a year, but that figure is higher than expected. The May figure was reduced to 1.55 million unit. In contrast, construction permits, the forerunner for future political projects, fell 5.1 percent to 1.598 million in June, down from a total of 1.683 million unit in May.

In addition, according to new data, US states have decided to end Federal Unemployment benefits and saw an increase in domestic labor supply in June than the state. Which planned to keep a weekly bonus of $ 300 until early September, although there was no clear evidence that this resulted in more rents.

President Joe Biden has expressed hope for an agreement on a long-awaited infrastructure funding plan, according to senators. “Yes, we will” answer questions about reaching an agreement on infrastructure laws, “said President Joe Biden “Most analysts believe that long-term inflation is unlikely to go out of hand,” Biden said in a speech at CCN Town Hall Address.

Here are the comments to buy / sell XAU / USD gold daily

Looking at the gold price chart this week, we see that the price of gold has changed from $ 1794 per ounce to $ 1825 per ounce.

Therefore, my recommendation in gold trading, if the gold price does not break at price 1794 or 1799 , investors can buy at 1794 and set the risk management at 1787 and set the profit at 1805 and 1809.

Analyzed by: Ms. Teang Riya, Independent Analyst