Gold Regains Positive Move
Gold held on to gains ahead of the Federal Reserve’s interest rate decision later Wednesday, with traders also weighing President Donald Trump’s latest tariff threats.
Bullion traded near $2,765 an ounce — less than $30 off an all-time high — as investors turned their attention to the U.S. central bank’s first meeting of 2025. Policymakers are widely expected to keep interest rates steady this week, though Fed Chair Jerome Powell is expected to give a press conference that could provide clues about the outlook for the next meeting in March. Lower interest rates tend to benefit gold, as it doesn’t pay interest.
RECOMMENDATIONS
- Buy if price moves to $2,770
- Sell if price moves to $2,760
Resistance Level 2: $2,784
Resistance Level 1: $2,777
Support Level 1: $2,753
Support Level 2: $2,746
Note: This article is only analysis and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
