Gold Down Slightly On Trump's New Tariffs
Gold prices slipped on Tuesday (2/11) as investors booked profits following a record high, but remained optimistic amid concerns about a global trade war sparked by U.S. President Donald Trump's new tariffs.
Traders were eyeing Federal Reserve Chairman Jerome Powell's testimony later in the day and U.S. inflation data due Wednesday for fresh clues on the outlook for interest rates in the world's largest economy.
RECOMMENDATIONS
- Buy if price moves to $2,913
- Sell if price moves to $2,899
Resistance Level 2: $2,927
Resistance Level 1: $2,920
Support Level 1: $2,892
Support Level 2: $2,885
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