Gold Prices Rise Amid Risk-Averse Sentiment
Gold prices were higher in early Asian trade as the yellow metal remains a safe haven for many investors amid geopolitical uncertainty, analysts said.
With Trump’s upcoming inauguration, gold prices have been boosted by risk-averse sentiment, analysts at CITIC Futures wrote in a note. In the coming weeks, investors will be watching Trump’s policy announcements, particularly around tariffs, as a key catalyst for gold.
As of this writing, Gold Prices are at $ 2,648
RECOMMENDATION
- Buy if price moves to around $ 2,638
- Sell if price moves to around $ 2,658
Resistance Level 2: $ 2,666
Resistance Level 1: $ 2,658
Support Level 1: $ 2,638
Support Level 2: $ 2,630
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