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Indonesia News Portal for Traders | Financial & Business Updates

31 January 2025 09:32  |

Gold Rises And Reaches Highest Level

 Gold rose to a record high as investors flocked to safe havens after U.S. President Donald Trump repeated threats to impose tariffs on Mexico and Canada.

Bullion rose as much as 0.2% to $2,799.65 an ounce after prices jumped 1.3% on Thursday, surpassing their previous all-time high set in October. The surge came after Trump said he would follow through with a 25% levy on imports from Canada and Mexico on Feb. 1. He also threatened China with tariffs, without specifying the level.

RECOMMENDATIONS

- Buy if price moves to $2.803

- Sell if price moves to $2.789

 

Resistance Level 2: $2.817

Resistance Level 1: $2.810

 

Support Level 1: $2.782

Support Level 2: $2.775

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

Source: Newsmaker.id

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