Gold Prices Jump Amid Global Economic Uncertainty
Gold prices held near their highest levels on Friday (1/24) as traders weighed President Donald Trump's latest tariff threats against Europe, along with his pledge to push for more interest rate cuts.
Bullion hit an intraday high in Asia at $2,777 an ounce and was on track for a weekly gain of about 2%, supported by haven demand amid concerns about the global economic outlook under the new U.S. administration.
As of this writing, gold prices are at $2,773
RECOMMENDATIONS
- Buy if price moves to $2,778
- Sell if price moves to $2,768
Resistance Level 2: $2,792
Resistance Level 1: $2,785
Support Level 1: $2,761
Support Level 2: $2,754
Note: This article is for analysis only and is not a definitive reference. Keeping in mind the fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id