Gold Prices Rise Amid Tariff Tensions Boosting Demand
Gold prices rose, helped by demand for safe-haven assets as US President Donald Trump's tariff plans made investors wary of trade policies, while an overall weaker dollar also provided support.
Meanwhile, Jim Wyckoff, a senior analyst at Kitco Metals, said, Market players are waiting for the next major fundamental development to drive the gold market.
Until this news was released, the price of gold was at $ 3,328
RECOMMENDATION
- Buy if the price moves to $ 3,220
- Sell if the price moves to $ 3,235
Resistance Level 2: $ 3,245
Resistance Level 1: $ 3,240
Support Level 1: $ 3,215
Support Level 2: $ 3,210
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