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Indonesia News Portal for Traders | Financial & Business Updates

2 April 2025 07:38  |

Gold Steady, Supported by Signs of China Buying Activity

Gold was steady in early Asian trade. "Buying activity by China gold ETFs continues to pick up," Daniel Ghali of TD Securities said in a research note.

China gold ETFs added 233,000 ounces of nominal gold over the past week, the senior commodity strategist said.

Sentiment in China for the precious metal may also have been supported by Chinese life insurance companies' membership to the Shanghai Gold Exchange, which officially allows them to buy gold.

Until this News Released Gold Price is at $ 3,120

RECOMMENDATION

- Buy if price moves to $ 3,115

- Sell if price moves to $ 3,125

 

Resistance Level 2: $ 3,144

Resistance Level 1: $ 3,130

 

Support Level 1: $ 3,110

Support Level 2: $ 3,100

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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