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Indonesia News Portal for Traders | Financial & Business Updates

9 April 2025 19:24  |

Gold Rises After Trump Tariffs Take Effect

Gold (XAU/USD) prices soared and recovered to $3,063 at the time of writing on Wednesday after US President Donald Trump’s tariffs went into effect.

At one point this week, the market was hoping for a last-minute solution as several news outlets reported on Monday that President Trump was considering a 90-day tariff pause for all countries except China.

However, the White House stated that any suggestion that President Trump was considering a 90-day tariff pause was “fake news.”

RECOMMENDATIONS

- Buy if price moves to $3,070

- Sell if price moves to $3,056

 

Resistance Level 2: $3,084

Resistance Level 1: $3,077

 

Support Level 1: $3,049

Support Level 2: $3,042

 

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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