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Indonesia News Portal for Traders | Financial & Business Updates

22 January 2025 14:54  |

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

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