Gold, Silver, Platinum Forecasts – Gold Climbed Above $2050 Amid Rising Demand For Safe-Haven Assets

Key Insights

• Gold is moving higher as traders focus on tensions in the Middle East. 
• Silver managed to settle above the $23.00 level. 
• Platinum is trying to rebound after a strong pullback.

Gold

Gold gains ground as demand for safe-haven assets increased amid rising tensions in the Middle East.

If gold moves above the resistance at $2065 – $2075, it will head towards the $2100 level.

Silver

Silver is also moving higher as traders ignore stronger dollar and focus on rising demand for safe-haven assets.

A successful test of the resistance at $23.40 – $23.60 will push silver towards the next resistance level at $24.30 – $24.50.

Platinum

Platinum rebounds after a multi-day pullback. Some traders are ready to bet on a rebound from current levels.

The nearest resistance level for platinum is located in the $925 – $935 range. If platinum climbs above the $935 level, it will head towards the next resistance at $990 – $1000.

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