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