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Indonesia News Portal for Traders | Financial & Business Updates

6 February 2025 17:33  |

Gold Down Slightly in Europe

Gold prices fell on Thursday (2/6) as the dollar strengthened again, although concerns over the US-China trade war kept safe-haven bullion close to a record high hit in the previous session.

Spot gold prices fell 0.4%. US Federal Reserve officials also pointed to the large policy uncertainty surrounding tariffs and issues arising from the early days of the Trump administration as one of the main challenges in figuring out where to take monetary policy in the coming months.

RECOMMENDATIONS

- Buy if price moves to $2,862

- Sell if price moves to $2,852

 

Resistance Level 2: $2,876

Resistance Level 1: $2,869

 

Support Level 1: $2,845

Support Level 2: $2,838

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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