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

23 July 2025 08:55  |

Gold Rises Again! Focus Remains on Trade and the Fed

Gold maintained its three-day rally as US President Donald Trump announced a highly anticipated trade deal with Japan, signaling progress in tense negotiations ahead of his August 1 tariff deadline.

Bullion prices are trading near $3,430 an ounce, up 2.5% so far this week as Trump announced he would impose 15% and 19% tariffs on goods from Japan and the Philippines, strategic geopolitical allies.

With several countries racing to secure trade deals, investors are seeking clarity, particularly on progress with China.

Recommendations:

Buy if price breaks above $3,429

Sell if price breaks below $3,415

 

Resistance 2: $3,443

Resistance 1: $3,436

 

Support 1: $3,408

Support 2: $3,401

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

Source: Newsmaker.id

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