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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

10 February 2025 08:23  |

Gold extends gains above $2,850

Gold is still in positive territory due to the influence of the trade war. While Trump will announce reciprocal tariffs on many countries next week.

The People's Bank of China has increased its gold reserves for the third month in January.

The precious metal moved up as rising trade tensions prompted investors to seek protection in safe haven assets.

As of this news release, the price of gold is at $2,870

RECOMMENDATION

- Buy if the price moves to $2,865

- Sell if the price moves to $2,875

 

Resistance Level 2: $2,890

Resistance Level 1: $2,880

 

Support Level 1: $2,860

Support Level 2: $2,850

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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