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Indonesia News Portal for Traders | Financial & Business Updates

2 June 2025 07:56  |

Gold Rises at the Start of the Week

Gold rose after falling 2% last week, with the price hovering around $3,309 at the time of this report. It tends to rise as rising geopolitical and trade tensions revive demand for safe haven assets.

Bullion rose as much as 0.8% in Asia after Ukraine launched a series of dramatic drone attacks across Russia on Sunday, hitting airfields as far away as eastern Siberia. Around the same time, Moscow launched one of its longest offensives on Kyiv, ahead of key peace talks this week.

RECOMMENDATIONS

- Buy if price breaks above $3,319

- Sell if price breaks above $3,299

 

Resistance 2: $3,329

Resistance 1: $3,319

 

Support 1: $3,299

Support 2: $3,289

 

Note: This article is for analytical purposes 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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