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Indonesia News Portal for Traders | Financial & Business Updates

6 May 2025 10:08  |

Gold Rises as Geopolitical Risks Support Safe Haven Assets

Gold (XAU/USD) prices rose during the Asian session on Tuesday (06/05). Despite signs of easing US-China trade tensions, investors remain cautious following US President Donald Trump's erratic trade policies.

In addition, persistent geopolitical risks stemming from the prolonged Russia-Ukraine war and conflicts in the Middle East have boosted demand for the safe haven precious metal.

As of this writing, Gold is at $3,361

RECOMMENDATION

- Buy if price moves to $3,366

- Sell if price moves to $3,356

 

Resistance Level 2: $3,380

Resistance Level 1: $3,373

 

Support Level 1: $3,349

Support Level 2: $3,342

Note:

This article is only an 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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