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Indonesia News Portal for Traders | Financial & Business Updates

2 January 2025 12:28  |

Gold Prices Start 2025 With Gain in Asian Session

Gold prices strengthened in the Asian session to start 2025, the increase was driven by the attack carried out by Israel on Gaza. The increase in gold also occurred amid the strengthening of the US dollar index today.

Expectations for gold to continue to rise for 2025 with the encouragement obtained from geopolitical risks and expectations of increasing government debt due to deep fiscal deficits under the Trump administration, although there are potential challenges from slower Fed interest rate cuts and a strengthening US dollar.

RECOMMENDATION

- Buy if the price moves to around $ 2638

- Sell if the price moves to around $ 2628

 

Resistance Level 2: $ 2659

Resistance Level 1: $ 2646

 

Support Level 1: $ 2625

Support Level 2: $ 2613

 

DISCLAIMER

Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.

Source: Newsmaker

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