Gold Drops Again As Global Trade Eases
Gold fell on Thursday as easing global trade tensions dampened demand for safe-haven assets. The U.S. and China agreed to significantly cut tariffs and begin a 90-day pause to finalize a broader deal, while President Trump pointed to ongoing negotiations with India, Japan and South Korea.
Geopolitical risks also eased, with India-Pakistan tensions stabilizing and optimism growing that Trump could lift sanctions on Syria during his visit to the Middle East.
As of this writing, gold is at $3,169
RECOMMENDATION
- Buy if price moves to $3,174
- Sell if price moves to $3,164
Resistance 2: $3,188
Resistance 1: $3,181
Support 1: $3,157
Support 2: $3,150
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