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Indonesia News Portal for Traders | Financial & Business Updates

4 June 2025 17:57  |

Gold Up In Europe

Gold prices edged up on Wednesday as a weaker dollar and escalating trade tensions between the United States and China boosted demand for the safe-haven metal.

Spot gold was up 0.1% at $3,355.46 an ounce, as of 0836 GMT. U.S. gold futures edged up 0.1% to $3,379.80.

The dollar index, which measures the greenback against a basket of six major currencies, fell 0.1%, making gold more attractive to holders of other currencies.

RECOMMENDATIONS

- Buy if price breaks above $3,356

- Sell if price breaks above $3,342

 

Resistance 2: $3,370

Resistance 1: $3,363

 

Support 1: $3,335

Support 2: $3,328

Note: This article is for analytical purposes 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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