Gold Steadies After Slide as Trump's Tariff
Gold prices held steady on Tuesday after dropping more than 3% in the previous session, with some support coming from President-elect Donald Trump's proposed tariffs on all imports from Canada, Mexico, and China.
Trump vowed hefty tariffs on Canada, Mexico, and China — risking trade wars.
Gold is traditionally considered a safe-haven investment during periods of economic and geopolitical uncertainty, including trade wars and other conflicts.
RECOMMENDATIONS
- Buy if price moves at least to $2,627
- Sell if price moves at least around $2,617
Resistance Level 2: $2,640
Resistance Level 1: $2,633
Support Level 1: $2,611
Support Level 2: $2,604
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Keep an eye on the development of fundamental and technical aspects in transactions before making investment decisions.
Source: newsmaker.id