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Indonesia News Portal for Traders | Financial & Business Updates

10 April 2025 00:48  |

Gold Rises Amid US-China Tensions

Gold rose on Wednesday (4/9) and was set for its best day since March 2023, supported by a weaker dollar and safe-haven inflows amid escalating US-China trade tensions after Beijing announced more levies on US goods.

Investors worried that tariffs will stoke inflation and hamper economic growth dumped stocks, industrial commodities and sought refuge in gold.

RECOMMENDATIONS

- Buy if price moves to $3,077

- Sell if price moves to $3,067

 

Resistance Level 2: $3,091

Resistance Level 1: $3,084

 

Support Level 1: $3,060

Support Level 2: $3,052

Note:

This article is only 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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