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Indonesia News Portal for Traders | Financial & Business Updates

22 April 2025 00:34  |

Gold Hits New Record High

Gold rose to a new record high on Monday (4/21), as a weaker dollar and uncertainty over the economic impact of U.S.-China trade tensions spurred demand for safe-haven bullion.

The dollar fell as investor confidence in the U.S. economy was hit again by President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies.

RECOMMENDATIONS

- Buy if price moves to $3,417

- Sell if price moves to $3,407

 

Resistance Level 2: $3,431

Resistance Level 1: $3,424

 

Support Level 1: $3,400

Support Level 2: $3,393

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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