Gold prospers amid trade war havoc and weak dollar

Quick Summary:

The global gold price is projected to have a resistance level of US$3,360, says local trader Hua Seng Heng, after the safe-haven asset breached $3,200 an ounce for the first time on Friday, fuelled by a weaker dollar and the escalating trade war.

A medium-term resistance level was identified at $3,360 by Hua Seng Heng.

Despite the slowdown in inflation, two Fed officials signalled that uncertainty from trade policy persists, and there is no indication of imminent rate cuts.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Trade Baht-weight Seng Heng Price Trader Resistance Domestic Prices Gold Baht

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-12 @ 06:01:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 409 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 27798652

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Official Website: bangkokpost.com

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