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Indonesia News Portal for Traders | Financial & Business Updates

24 May 2025 01:30  |

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

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