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Indonesia News Portal for Traders | Financial & Business Updates

22 January 2026 10:27  |

Gold Falls, Markets Relieved After Greenland Tariff Cancellation

Gold prices fell in early trading after US President Donald Trump canceled planned tariffs on European countries and stated that a "framework for a future agreement" regarding Greenland had been reached. This decision eased geopolitical tensions, prompting investors to reduce their interest in safe-haven assets like gold, which had previously reached a record high above USD 4,888 per ounce.

The easing tensions also boosted the US dollar, with the Bloomberg Dollar Spot Index rising 0.1%, putting pressure on precious metal prices. As of 7:36 a.m. Singapore time, gold was down 0.8% at USD 4,793.96 per ounce, silver was down 1.3% at USD 91.86, while platinum and palladium also weakened. (az)

The price of gold at the time of this analysis was $4,790

- Buy if the price is at $4,797

- Sell if the price is at $4,783

Resistance 2: $4,811

Resistance 1: $4,804

 

Support 1: $4,776

Support 2: $4,769

Disclaimer

This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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