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Indonesia News Portal for Traders | Financial & Business Updates

7 March 2025 08:00  |

Gold Down Amid Trump and Fed Policies

Gold prices fell on Friday (3/7) in early Asian trading.

Investors are currently watching the latest developments surrounding tariffs and their impact on the US economy as well as the Federal Reserve's decision.

President Donald Trump exempted Mexican and Canadian goods covered by the North American trade agreement known as the USMCA from his 25% tariffs, offering a major reprieve for the US's two largest trading partners.

RECOMMENDATION

- Buy if the price moves to $2,897

- Sell if the price moves to $2,907

Resistance Level 2: $2,912

Resistance Level 1: $2,907

Support Level 1: $2,897

Support Level 2: $2,872

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

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