Gold's Rise Is Increasingly Unstoppable
Gold prices have again hit a new record high, driven by increased demand for safe haven assets amid global concerns. Trade tensions between the United States and China have escalated following new tariff threats from US President Donald Trump, while expectations that the Federal Reserve (The Fed) will cut interest rates further have strengthened gold's appeal as a hedge.
At the time of writing, Gold Prices were at $4,069.
- Buy if the price moves within $4,065.
- Sell if the price moves within $4,075.
Resistance 2: $4,085.
Resistance 1: $4,077.
Support 1: $4,062.
Disclaimer: This article is analytical in nature and not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id