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Indonesia News Portal for Traders | Financial & Business Updates

9 May 2025 09:29  |

Gold Down on Optimism Over US-China Trade Talks

Gold fell on Friday (5/9), as optimism over US-China trade talks reduced the appeal of safe-haven assets.

Officials from both countries are scheduled to meet later this week, raising hopes of progress in resolving trade disputes. The announcement of a US-UK trade agreement further eased concerns over global trade tensions.

As of this writing, gold is trading at $3,278

RECOMMENDATION

- Buy if price moves to $3,283

- Sell if price moves to $3,273

 

Resistance Level 2: $3,297

Resistance Level 1: $3,290

 

Support Level 1: $3,266

Support Level 2: $3,259

Note: This article is only an analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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