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