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Indonesia News Portal for Traders | Financial & Business Updates

20 February 2025 17:20  |

Gold Makes New ATH

Gold prices rose to an all-time high (ATH) and traded above $2,950 an ounce on Thursday (20/2), as concerns that US President Donald Trump's tariff threats will trigger a global trade war boosted investor interest in the metal.

Spot gold prices rose 0.7% to $2,953.12 an ounce, as of 0853 GMT, after hitting $2,954.69 earlier in the session, a 10th record high this year.

RECOMMENDATIONS

- Buy if price moves to $2,961

- Sell if price moves to $2,947

 

Resistance Level 2: $2,975

Resistance Level 1: $2,968

 

Support Level 1: $2,940

Support Level 2: $2,933

Note:

This article is only 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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