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Indonesia News Portal for Traders | Financial & Business Updates

17 March 2025 11:01  |

Gold Steady In Asian Session

Gold rose above $2,980 an ounce on Monday (03/17), holding near a record level, amid strong safe-haven demand.

Fresh geopolitical risks boosted bullion prices after the U.S. said it would continue its offensive against Yemen's Houthis until they stop attacks on shipping in the Red Sea.

In addition, concerns over an escalating trade war, sparked by a tariff exchange between the U.S. and its major trading partners, further strengthened gold's appeal as a safe haven.

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: $2,971

Support Level 2: $2,964

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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