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Indonesia News Portal for Traders | Financial & Business Updates

27 March 2025 16:30  |

Gold Up Early in Europe

Gold prices are slightly up, as of this writing, Gold prices are trading around $303.

Prices have been hovering near record highs since US President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe haven assets.

Traders are now waiting to see how the dollar will react to Friday's personal consumption expenditures price index data. However, "this data will not be too important considering we just heard from Powell last week - the Fed is in no hurry, tariff inflation is 'transitory'," said analysts at Peak Trading Research.

RECOMMENDATION

- Buy if price moves to $3,040

- Sell if price moves to $3,030

Resistance Level 2: $3,045

Resistance Level 1: $3,040

Support Level 1: $3,030

Support Level 2: $3,025

Note:

This article is only an analysis 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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