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Indonesia News Portal for Traders | Financial & Business Updates

14 May 2025 16:25  |

Gold Down as Some Supporting Factors Ease

Gold moved in the $3230 area during the European trading session on Wednesday (5/14), several supporting factors are now easing, one of which is the geopolitical side and the US-China trade war. This continues to weigh on its appeal as a safe haven asset.

The precious metal remains about a fifth higher this year, after hitting a record high above $3,500 an ounce last month as trade tensions escalate. Investors worry that the confrontation could trigger a slowdown in growth or recession, as well as faster inflation.

Until this news was released, the price of gold was at the level of $ 3,230

RECOMMENDATION

- Buy if the price moves to $ 3,235

- Sell if the price moves to $ 3,225

Resistance 2: $ 3,257

Resistance 1: $ 3,250

 

Support 1: $ 3,225

Support 2: $ 3,220

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-ads

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