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Indonesia News Portal for Traders | Financial & Business Updates

5 June 2025 08:16  |

Gold Rises After US Data

Gold rose on Thursday (06/05) in Asian trading, holding gains, after weaker-than-expected US data reinforced expectations that the Federal Reserve will cut interest rates at least twice this year to stave off a recession. Meanwhile, concerns about worsening tensions between the US and some of its major trading partners resurfaced after President Donald Trump doubled tariffs on steel and aluminum to 50%. Separately, he called his Chinese counterpart Xi Jinping "very difficult to make a deal with". RECOMMENDATION   - Buy if price breaks above $3,392 - Sell if price breaks above $3,372   Resistance 2: $3,402 Resistance 1: $3,392   Support 1: $3,372 Support 2: $3,362   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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