Gold Down After Trump’s Comments On Fed, China
Gold fell for a second day on Wednesday as the White House took a more cautious stance on the Federal Reserve’s independence and investors weighed comments from the Trump administration on trade.
President Donald Trump said Tuesday that U.S. tariffs “will come down substantially but they won’t go to zero,” and that he didn’t see a need to “play hardball” with Chinese leader Xi Jinping. However, Treasury Secretary Scott Bessent said Wednesday that Trump has not offered to unilaterally lower U.S. tariffs on China.
RECOMMENDATIONS
- Buy if price moves to $3,292
- Sell if price moves to $3,282
Resistance Level 2: $3,306
Resistance Level 1: $3,299
Support Level 1: $3,275
Support Level 2: $3,268
Note:
This article is analysis only and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id