Gold Rises More Than 2% After Trump Tariff Threats
Gold prices rose 2% on Friday and headed for their best week in six, as investors sought safe havens amid new tariff threats from U.S. President Donald Trump and a weaker dollar.
Global stocks fell on Wednesday after Trump delivered his latest unexpected trade bombshell, recommending a 50% tariff on European Union imports starting June 1. Trump also said Apple would pay a 25% tariff on iPhones sold in the United States but not made in the country.
RECOMMENDATIONS
- Buy if price moves to $3,368
- Sell if price moves to $3,358
Resistance 2: $3,382
Resistance 1: $3,375
Support 1: $3,351
Support 2: $3,344
Note: This article is analytical only and is not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id