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Indonesia News Portal for Traders | Financial & Business Updates

22 April 2025 07:15  |

Gold Continues Struggling to Fly Higher

The dollar continued to be pressured, sending gold prices to a new record high on Tuesday (4/22), 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 took another hit over President Donald Trump's comments about Federal Reserve Chairman Jerome Powell. A weaker dollar makes bullion more attractive to holders of other currencies.

RECOMMENDATION

- Buy if price moves to $3,427

- Sell if price moves to $3,410

 

Resistance Level 2: $3,437

Resistance Level 1: $3,427

Support Level 1: $3,410

Support Level 2: $3,400

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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