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Indonesia News Portal for Traders | Financial & Business Updates

14 March 2025 09:38  |

Gold Hits New High

Gold hovered above $2,980 an ounce on Friday, a record high and poised for a weekly gain of more than 2%, boosted by risk aversion and rising expectations of a Federal Reserve interest rate cut.

In the latest escalation of U.S. President Donald Trump’s multi-front trade war, he warned of 200% tariffs on European wine and other spirits after the EU imposed a 50% tax on American whiskey exports.

RECOMMENDATIONS

- Buy if price moves to $2,993

- Sell if price moves to $2,979

 

Resistance Level 2: $3,008

Resistance Level 1: $3,001

 

Support Level 1: $2,972

Support Level 2: $2,965

Note:

This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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