Gold Extends Gains Again
Gold prices rose on Thursday (2/13) as concerns grew about U.S. President Donald Trump's upcoming tariff plans, which could further strain global trade relations.
U.S. producer prices rose strongly in January, providing further evidence of rising inflation and reinforcing financial market expectations that the Federal Reserve will delay interest rate cuts until the second half of this year.
RECOMMENDATIONS
- Buy if price moves to $2,921
- Sell if price moves to $2,907
Resistance Level 2: $2,935
Resistance Level 1: $2,928
Support Level 1: $2,900
Support Level 2: $2,893
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