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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

27 January 2025 16:45  |

Gold Prices Struggles at $2,762

Gold prices started the week with a decline in Asia and entered Europe. Driven by dovish global central bank policies, geopolitical risks and stubborn inflation, said Alex Chiu, senior strategist at Value Partners.

Strong investment flows, resilient Asian consumer demand and continued central bank buying are likely to offset potential headwinds from an aggressive shift in US monetary policy. With the macroeconomic outlook clouded by recession risks and policy uncertainty, gold’s appeal as a safe haven and inflation hedge will maintain its upside through 2025 and beyond, he added.

RECOMMENDATION

- Buy if price moves to $2,768

 

- Sell if price moves to $2,757

 

Resistance Level 2: $2,776

Resistance Level 1: $2,768

 

Support Level 1 $2,757

Support Level 2: $2,752

 

Note: This article is analysis only and not a definitive reference. Considering fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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