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Indonesia News Portal for Traders | Financial & Business Updates

30 May 2025 01:37  |

Gold Rises as Dollar Weakens on Trump Tariff Ruling

Gold rose as the dollar gave up short-term gains from a court ruling that struck down President Donald Trump’s global tariff agenda.

The dollar initially gained after the U.S. Court of International Trade ruled many of Trump’s tariffs illegal. However, strategists warn that there are many alternative routes the president can take to ensure his signature economic policies are not derailed.

RECOMMENDATIONS

- Buy if price moves to $3,324

- Sell if price moves to $3,314

 

Resistance 2: $3,338

Resistance 1: $3,331

 

Support 1: $3,307

Support 2: $3,300

 

Note: This article is analysis only and is 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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