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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

3 January 2025 15:26  |

Gold Steady Ahead of US Data

Gold prices were steady during the Asian session on Friday (3/1) on the back of a weaker US dollar and safe-haven inflows, with the precious metal heading for a weekly gain as attention turns to proposed policy changes by US President-elect Donald Trump that could affect the economic outlook and interest rates going forward.

Russia also launched another drone strike on Kyiv early Wednesday, causing damage in at least two districts. Traders are looking ahead to next week's US jobs data, the ADP employment report, the Fed's December FOMC meeting minutes and the US employment report to gauge the outlook for interest rates for 2025.

RECOMMENDATION

- Buy if the price moves to around $2657

- Sell if the price moves to around $2647

 

Resistance Level 2: $2664

Resistance Level 1: $2657

 

Support Level 1: $2647

Support Level 2: $2640

DISCLAIMER

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

Source: Newsmaker

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