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Indonesia News Portal for Traders | Financial & Business Updates

28 January 2025 05:47  |

Gold Falls Amid Liquidation of Positions in Equity Selloff

Gold prices are down more than 1% from near-record highs as investors liquidate bullion positions, following a broader market selloff fueled by growing interest in Chinese AI startup DeepSeek.

The sharp decline in global equity markets has prompted a risk-off move across other asset classes, with U.S. Treasury yields falling to a three-week low and the dollar index hitting its lowest since Dec. 18.

As of this writing, gold is at $2,740

RECOMMENDATIONS

- Buy if price moves to $2,735

- Sell if price moves to $2,755

 

Resistance Level 2: $2,765

Resistance Level 1: $2,750

 

Support Level 1 $2,730

Support Level 2: $2,715

Note: This article is only an analysis and not a definitive reference. Pay attention to the development of fundamental and technical aspects in transactions before making investment decisions.

Source: Newsmaker.id

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