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Indonesia News Portal for Traders | Financial & Business Updates

2 May 2025 00:32  |

Gold Drops More Than 2%

Gold fell on Thursday (01/05) to a two-week low on signs of potential progress in trade talks between the U.S. and other countries, denting demand for haven assets despite concerns about a weakening economy.

Prices fell as much as 2.15% as market sentiment improved on Wall Street after National Economic Council Director Kevin Hassett said the Trump administration was making progress in tariff talks.

RECOMMENDATION

- Buy if price moves to $ 3,220

- Sell if price moves to $ 3,210

 

Resistance Level 2: $ 3,234

Resistance Level 1: $ 3,227

 

Support Level 1: $ 3,203

Support Level 2: $ 3,196

 

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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