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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

12 February 2025 01:02  |

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

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