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Indonesia News Portal for Traders | Financial & Business Updates

24 January 2025 11:26  |

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

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