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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

16 July 2025 19:08  |

Gold Rises as Investors Wary of Tariffs and US PPI Data Ahead

Gold prices strengthened on Wednesday (July 16th), driven by a weakening US dollar and increased demand for safe-haven assets amid global geopolitical concerns. The market is closely monitoring investors' response to President Trump's 50-day ultimatum to Russia and continued tariff tensions with major trading partners.

In addition, speculation that the Fed will delay interest rate cuts due to persistently high goods inflation also supported gold prices. The focus now turns to the release of US PPI data and the outcome of further international trade negotiations.

Recommendation:

Buy if the price breaks above $3,346

Sell if the price breaks below $3,332

 

Resistance 2: $3,360

Resistance 1: $3,353

 

Support 1: $3,325

Support 2: $3,318

Note: This article is intended for analytical purposes and should not be considered definitive guidance. Always pay attention to fundamental and technical developments before making investment decisions. (alg)

Source: Newsmaker.id

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