US Tariff Uncertainty Boosts Gold Prices
Gold prices strengthened on Wednesday (February 25th), supported by the return of safe-haven sentiment amid uncertainty over US tariff policy. Meanwhile, the market is still digesting the dynamics following the US Supreme Court's ruling on tariffs and the planned temporary increase in import duties, which could increase further.
From a fundamental perspective, the main driver came from a combination of risk-off (rapidly changing US tariffs and fiscal policy) plus geopolitical risks ahead of the next round of US-Iran nuclear talks in Geneva (Thursday)—which typically prompts investors to seek additional protection through gold. At the same time, the Fed's signal that it is not rushing to change interest rates keeps gold attractive amid heightened uncertainty. (alg)
The gold price at the time of this analysis was $5,183
- Buy if the price moves within $5,189
- Sell if the price moves within $5,179
Resistance 2: $5,204
Resistance 1: $5,194
Support 1: $5,174
Support 2: $5,164
Disclaimer
This article is analytical in nature and is not a definitive reference. Please consider the impact of fundamental and technical developments on trading before making any investment decisions.
Source: Newsmaker.id