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Indonesia News Portal for Traders | Financial & Business Updates

12 June 2025 17:50  |

Gold Rises on Weaker US Inflation Data

Gold prices rose to a one-week high on Thursday, boosted by weaker US inflation data that reinforced expectations for a Federal Reserve interest rate cut this year, while investors eyed a raft of other inflation data for further direction.

RECOMMENDATIONS

- Buy if price breaks above $3,388

- Sell if price breaks above $3,378

 

Resistance 2: $3,402

Resistance 1: $3,395

 

Support 1: $3,371

Support 2: $3,364

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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