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Indonesia News Portal for Traders | Financial & Business Updates

16 April 2025 04:45  |

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

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