Gold Rises as Geopolitical Tensions Escalate
Gold rose more than 2% on Monday to its highest in more than three weeks, as a weaker dollar and a combination of geopolitical risks and economic uncertainty fueled investor demand for safe-haven assets.
In addition, tensions between Washington and Beijing resurfaced after U.S. President Donald Trump on Friday accused China of violating an agreement with the U.S. to mutually lift tariffs and trade restrictions on critical minerals.
RECOMMENDATIONS
- Buy if price breaks above $3,381
- Sell if price breaks above $3,371
Resistance 2: $3,395
Resistance 1: $3,388
Support 1: $3,364
Support 2: $3,357
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