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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

17 February 2025 10:04  |

Gold tries to rise

Gold edged higher in the Asian morning session on a possible technical recovery after front-month Comex gold futures closed nearly 1.5% lower on Friday. However, the precious metal’s gains may be capped by easing concerns over U.S. tariffs that could hurt economic growth.

The market is starting to realize that President Trump is using tariffs as a negotiating tool, ANZ Research analysts said in a note. This follows his order for reciprocal tariffs, which may take weeks or even months to be finalized.

Until this news was released, the price of Gold was at the level of $ 2,898

RECOMMENDATION

- Buy if the price moves to $ 2,890

- Sell if the price moves to $ 2,903

 

Resistance Level 2: $ 2,918

Resistance Level 1: $ 2,908

 

Support Level 1: $ 2,888

Support Level 2: $ 2,878

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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