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Indonesia News Portal for Traders | Financial & Business Updates

4 February 2025 07:41  |

This is Why Gold Prices Form New ATH

After hitting a new record high on Friday, the precious metal still has room to rise as the trade war boosts safe haven demand.

Concerns about the impact of Trump's policies on the global economy have investors seeking valuable assets such as gold and the Japanese yen. This is what drove the price of gold to touch the level of $ 2,830 on Monday (3/2)

At the time of writing this article, gold was at $ 2,815

RECOMMENDATION

- Buy if the price moves to $ 2,820

- Sell if the price moves to $ 2,810

 

Resistance Level 2: $ 2,825

Resistance Level 1: $ 2,820

 

Support Level 1: $ 2,810

Support Level 2: $ 2,805

Note: This article is only an 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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