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Indonesia News Portal for Traders | Financial & Business Updates

13 February 2025 17:35  |

Gold Moves Positive Ahead of US Unemployment Claims

Gold (XAU/USD) prices held on to modest intraday gains through the first half of the European session on Thursday (2/13), albeit lacked follow-through and remained below the record highs touched earlier this week.

Investors remain concerned that US President Donald Trump’s trade tariffs could trigger a global trade war, which continued to act as a tailwind for the safe-haven bullion.

Adding to this, a fresh leg down in the US Treasury bond yields dragged the US Dollar (USD) to a weekly low and turned out to be another factor that benefitted the commodity.

RECOMMENDATION

- Buy if price moves to $2,922

- Sell if price moves to $2,908

 

Resistance Level 2: $2,929

Resistance Level 1: $2,936

 

Support Level 1: $2,901

Support Level 2: $2,894

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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