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