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Indonesia News Portal for Traders | Financial & Business Updates

8 May 2025 09:51  |

Gold Rises as Trump Tariffs Raise Inflation Risks

Gold rose on Thursday after the Federal Reserve kept interest rates unchanged, and Chairman Jerome Powell said the central bank was in no rush to cut despite the trade war.

Powell warned that President Donald Trump’s tariff agenda raised the risk of higher inflation and slower growth, but added that the Fed could afford to hold off on policy until officials had a better understanding of where the economy was headed.

As of press time, gold was trading at $3,407

RECOMMENDATIONS

- Buy if price moves to $3,412

- Sell if price moves to $3,402

 

Resistance Level 2: $3,426

Resistance Level 1: $3,419

 

Support Level 1: $3,395

Support Level 2: $3,388

Note: This article is analysis only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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