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Indonesia News Portal for Traders | Financial & Business Updates

20 January 2025 07:42  |

Gold Prices Down in Asian Trading Session

Gold prices fell in early Asian trading on Monday, extending the previous session's decline as a stronger US dollar weighed on the bullion metal and markets awaited the inauguration of US President Donald Trump.

However, gold last week posted a weekly gain of 0.5%, its third straight weekly gain. Concerns surrounding tariffs in the global economic landscape, along with potentially stubborn inflation and geopolitical uncertainty, will spur capital flows into gold as a safe haven asset.

RECOMMENDATION

- Buy if price moves to around $2.2699

- Sell if price moves to around $2.689

Resistance Level 2: $2.712

Resistance Level 1: $2.705

 

Support Level 1: $2.683

Support Level 2: $2.676

DISCLAIMER

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

Source: Newsmaker.id

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