Gold Down Amid Stronger Dollar
Gold prices fell to their lowest in more than two weeks on Thursday (27/2) as the U.S. dollar strengthened, with investors awaiting key inflation data that could shed light on the Federal Reserve’s monetary policy path.
Meanwhile, U.S. President Donald Trump said on Thursday that his proposed tariffs on imports from Mexico and Canada would go into effect on March 4 as scheduled, adding that China would be hit with an additional 10% on that day.
RECOMMENDATIONS
- Buy if price moves to $2,880
- Sell if price moves to $2,870
Resistance Level 2: $2,894
Resistance Level 1: $2,887
Support Level 1: $2,863
Support Level 2: $2,856
Note:
This article is only an analysis and not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id