Gold Rises After Sharpest One-Day Loss
Gold rose on Thursday (4/24) after its sharpest one-day loss this year as market participants weighed the impact of U.S. President Donald Trump's trade war on the future direction of interest rates.
In an interview Thursday with Bloomberg Television, Federal Reserve Chairman Christopher Waller said companies may start laying off some workers if aggressive tariffs are reimposed, and he would support a rate cut in that scenario to protect the job market.
RECOMMENDATIONS
- Buy if price moves to $3,343
- Sell if price moves to $3,333
Resistance Level 2: $3,357
Resistance Level 1: $3,350
Support Level 1: $3,326
Support Level 2: $3,319
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