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 TOP NEWS

Indonesia News Portal for Traders | Financial & Business Updates

20 February 2025 00:17  |

Gold Rises Again Amid Trump Tariff Threats

Gold prices rose to a record high on Wednesday (2/19) on safe-haven demand following US President Donald Trump's latest tariff threats, while investors await the minutes of the Federal Reserve's January policy meeting later in the day.

It also follows Trump's recent move to impose a 10% tariff on Chinese imports and a 25% tariff on steel and aluminum earlier this month.

RECOMMENDATIONS

- Buy if price moves to $2,933

- Sell if price moves to $2,923

 

Resistance Level 2: $2,947

Resistance Level 1: $2,940

 

Support Level 1: $2,916

Support Level 2: $2,909

Note:

This article is only an analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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