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Indonesia News Portal for Traders | Financial & Business Updates

25 February 2025 00:13  |

Gold Good Post-ETF

Gold bullion prices rose on Monday (2/24), surpassing the previous peak set on Thursday, before paring gains. Prices have risen for the past eight weeks, the longest streak since 2020. Gold-backed ETFs saw their biggest net inflows since 2022 last week.

Growing concerns over disruptive trade and President Trump's geopolitical agenda have boosted demand for gold as a safe-haven asset.

RECOMMENDATION

- Buy if price moves to $2,947

- Sell if price moves to $2,937

 

Resistance Level 2: $2,961

Resistance Level 1: $2,954

 

Support Level 1: $2,930

Support Level 2: $2,923

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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