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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

13 December 2024 08:31  |

Gold Prices Weaken Again

Gold continued to fall after mixed U.S. data prompted traders to book profits ahead of the Federal Reserve's final policy meeting of the year.

Bullion was trading near $2,690 an ounce after falling 1.4% on Thursday following a report showing U.S. wholesale inflation unexpectedly rose in November, while applications for unemployment benefits rose last week to a two-month high.

RECOMMENDATION

- Buy if the price moves to at least $2,700

- Sell if the price moves to at least around $2,680

Resistance Level 2: $2,725

Resistance Level 1: $2,715

 

Support Level 1: $2,665

Support Level 2: $2,655

DISCLAIMER

Note: This article is only an analysis and not a definitive reference, Observe the development of fundamental and technical aspects in trading before making investment decisions.

Source: Newsmaker.id

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