Gold Strengthens Again on Safe Haven Demand
Gold prices hit 11-week high on safe-haven demand amid Trump tariff threats
Gold prices edged up to an 11-week high in Asian trade on Wednesday, extending gains for a third straight session as safe-haven demand increased amid concerns about U.S. tariffs under President Donald Trump.
Spot gold rose 0.2% to $2,752.29 an ounce, its highest since early November
RECOMMENDATION
- Buy if price moves to $2,757
- Sell if price moves to $2,747
Resistance Level 2: $2,771
Resistance Level 1: $2,764
Support Level 1: $2,740
Support Level 2: $2,733
DISCLAIMER
Note: This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id