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Indonesia News Portal for Traders | Financial & Business Updates

27 August 2025 16:56  |

Gold Loses Its Luster as the US Dollar Strengthens

Gold prices corrected on Wednesday (August 27th), after rallying to a two-week high earlier, fueled by concerns about the Fed's independence. Safe-haven sentiment began to ease as the US dollar strengthened and US bond yields stabilized, although political tensions between President Donald Trump and Fed Chair Lisa Cook still loomed over the market.

The gold price at the time of writing was $3,381/Toz.

- Buy if the price moves around $3,388

- Sell if the price moves around $3,374

 

Resistance 2: $3,402

Resistance 1: $3,395

 

Support 1: $3,367

Support 2: $3,360

 

DISCLAIMER

Note: This article is analytical only and is not a definitive reference. Consider fundamental and technical developments in trading before making investment decisions.

Source: Newsmaker.id

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