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Indonesia News Portal for Traders | Financial & Business Updates

2 May 2025 18:05  |

Gold Recovers From 2-Week Low

Gold rose on Friday (2/5) as investors rushed to buy the metal a day after prices hit a two-week low amid easing trade tensions, while market focus shifted to the U.S. nonfarm payrolls report due later in the day.

Gold hit its lowest level since mid-April in the previous session and has fallen nearly 2% so far this week, its sharpest weekly decline since late February.

RECOMMENDATION

- Buy if price moves to $3,266

- Sell if price moves to $3,252

 

Resistance Level 2: $3,280

Resistance Level 1: $3,273

 

Support Level 1: $3,245

Support Level 2: $3,338

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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