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Indonesia News Portal for Traders | Financial & Business Updates

1 August 2025 13:33  |

Gold Holds, Tensions Ahead of NFP Increase

Gold prices weakened to around $3,290 per ounce on Friday (August 1) and were on track for their worst weekly performance since late June, pressured by a stronger US dollar following President Trump's imposition of higher tariffs on several countries.

Trump reaffirmed the global base tariff of 10% and imposed retaliatory duties of up to 41% on countries that do not have trade agreements with the US. He also announced a 40% levy on goods suspected of being routed through third countries to avoid existing tariffs.

Gold prices were at $3,291/oz at the time of writing.

- Buy if the price moves to around $3,298

- Sell if the price moves around $3,284

 

Resistance 2: $3,312

Resistance 1: $3,305

 

Support 1: $3,277

Support 2: $3,270

DISCLAIMER

Note: This article is for analysis only and is not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.

Source: Newsmaker.id

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