Gold Steady Amid US Tariff Rhetoric
Gold prices steadied on Tuesday after three straight days of losses as improving risk appetite and softer US tariff rhetoric prompted profit-taking in the safe-haven asset after its recent outperformance.
Trump said on Monday that auto tariffs would go into effect soon even as he indicated that not all of the levies he has threatened would be implemented by April 2 and that some countries may get waivers, a move Wall Street took as a sign of flexibility on an issue that has roiled markets for weeks.
RECOMMENDATIONS
- Buy if price moves to $3,019
- Sell if price moves to $3,009
Resistance Level 2: $3,033
Resistance Level 1: $3,026
Support Level 1: $3,002
Support Level 2: $2,995
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