Gold Hits Record Above $2,900
Gold extended its record high on Tuesday (2/11) and broke through the key $2,900 level for the first time, boosted by safe-haven demand as U.S. President Donald Trump’s new tariff threats heightened fears of a trade war and inflation.
Trump announced plans on Sunday to impose an additional 25% tariff on all steel and aluminum imports. He also said he would announce reciprocal tariffs this week, matching those imposed by other countries and implementing them immediately.’
RECOMMENDATION
- Buy if price moves to $2,905
- Sell if price moves to $2,895
Resistance Level 2: $2,913
Resistance Level 1: $2,912
Support Level 1: $2,888
Support Level 2: $2,881
Note:
This article is only analysis and not a definitive reference. Consider fundamental and technical developments in the trade before making any investment decisions.
Source: Newsmaker.id