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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

3 January 2025 00:24  |

Gold Prices Jump on Safe-Haven Demand, Falling Yields

Gold hit a two-week high on Thursday, boosted by safe-haven buying and a decline in U.S. Treasury yields, as markets positioned for the prospect of looming Federal Reserve interest rates and President-elect Donald Trump’s trade tariffs.

Bullion thrives in a low-interest environment and acts as a hedge against economic and geopolitical risks.

Russia launched a drone strike in Kyiv early Wednesday, causing damage in at least two districts, while the Israeli military struck the outskirts of Gaza City.

Until this news was released, Gold was at $ 2,660

RECOMMENDATION

- Buy if the price moves to around $ 2,650

- Sell if the price moves to around $ 2,670

Resistance Level 2: $ 2,680

Resistance Level 1: $ 2,670

 

Support Level 1: $ 2,650

Support Level 2: $ 2,640

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.id

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