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Indonesia News Portal for Traders | Financial & Business Updates

1 May 2025 00:41  |

Gold Trims Some Losses in US Session

Gold prices pared some losses on Wednesday (4/30) as speculation that the US Federal Reserve will cut interest rates increased after US growth in the first quarter was weaker than expected.

Bullion had fallen more than 1% earlier in the session, but was on track to post a fourth straight monthly gain, rising 6% so far in April.

RECOMMENDATIONS

- Buy if price moves to $ 3,313

- Sell if price moves to $ 3,303

 

Resistance Level 2: $ 3,327

Resistance Level 1: $ 3,320

 

Support Level 1: $ 3,296

Support Level 2: $ 3,289

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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