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

2 July 2025 01:44  |

Gold Strengthens Amid Fiscal Anxieties & US Tariffs

Gold prices are currently around $3,338 per ounce, recording a sharp increase as market concerns grow over the US fiscal condition and uncertainty over trade tariffs.

Investors are again looking to gold as a safe haven asset after US employment data sparked speculation that the Fed's interest rate cut may be delayed, while on the other hand there are concerns about the potential for a spike in debt due to President Trump's large stimulus plan.

Geopolitical tensions that are still looming have also strengthened demand for this precious metal, especially amid the risk-off sentiment that is starting to grow in the global market.

Recommendations:

Buy if the price breaks above $3345

Sell if the price breaks below $3331

 

Resistance 2: $3365

Resistance 1: $3355

 

Support 1: $3321

Support 2: $3311

 

Note: This article is intended for analysis and not as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.

Source: Newsmaker.id

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