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Indonesia News Portal for Traders | Financial & Business Updates

12 June 2025 10:36  |

Gold Gains as Middle East Tensions, Weak Dollar Lead

Gold prices rose on Thursday, boosted by rising tensions in the Middle East and a weaker dollar, while weaker-than-expected U.S. inflation data raised expectations for a Federal Reserve interest rate cut.

Spot gold rose 0.6% to $3,372.46 an ounce, as of 0202 GMT. U.S. gold futures rose 1.5% to $3,393.

Gold prices fell to a near two-month low, making dollar-priced bullion more attractive to overseas buyers.

RECOMMENDATION

- Buy if price breaks above $3,380

- Sell if price breaks above $3,366

 

Resistance 2: $3,394

Resistance 1: $3,387

 

Support 1: $3,359

Support 2: $3,352

 

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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