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Indonesia News Portal for Traders | Financial & Business Updates

21 February 2025 18:06  |

Gold Consolidates After Record

Gold prices fell on Friday (21/2) but were headed for an eighth straight weekly gain after hitting two consecutive record highs, as safe-haven demand remained strong amid concerns over U.S. President Donald Trump’s tariff plans.

Spot gold fell 0.4% to $2,926.54 an ounce by 0945 GMT. Bullion is up about 1.5% this week after rising to a record $2,954.69 on Thursday.

U.S. gold futures fell 0.5% to $2,940.90.

RECOMMENDATIONS

- Buy if price moves to $2,937

- Sell if price moves to $2,923

 

Resistance Level 2: $2,951

Resistance Level 1: $2,944

 

Support Level 1: $2,916

Support Level 2: $2,909

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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