Gold Holds in Europe
Gold held steady around $2,915 an ounce on Wednesday, staying close to a record, supported by a weaker U.S. dollar and safe-haven demand amid U.S. tariffs.
Trump’s 25% levies on Mexican and Canadian imports took effect Tuesday, along with a hike in Chinese tariffs to 20%, escalating trade tensions and prompting retaliation. However, U.S. Commerce Secretary Howard Lutnick suggested possible tariff relief for Canada and Mexico.
RECOMMENDATIONS
- Buy if price moves to $2,918
- Sell if price moves to $2,908
Resistance Level 2: $2,932
Resistance Level 1: $2,925
Support Level 1: $2,901
Support Level 2: $2,894
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