Gold, Silver, Platinum Forecasts – Gold Climbed Above $2900 As Dollar Pulled Back

By:

Vladimir Zernov

Published: Mar 4, 2025, 18:18 GMT+00:00

Key Points:

Gold is moving towards the resistance level at $2930 - $2940.
Silver tested the $32.00 level as demand for precious metals increased.
Platinum made an attempt to settle above the 50 MA at $968.

In this article:

Gold

+0.90%

Silver

+0.76%

Platinum

+0.27%

Gold

Gold 040325 Daily Chart

Gold gains ground as traders react to U.S. dollar’s pullback. Rising demand for safe-haven assets provides additional support to gold markets.

If gold settles above the resistance at $2930 – $2940, it will move towards the $3000 level.

Silver

Silver 040325 Daily Chart

Silver moved higher amid rising demand for precious metals. Currently, silver is trying to settle back above the $32.00 level.

In case this attempt is successful, silver will move towards the next resistance at $32.75 – $33.00.

Platinum

Platinum 040325 Daily Chart

Platinum continues its attempts to settle above the 50 MA at $968. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

If platinum climbs above the 50 MA, it will move towards the resistance level at $980 – $985.

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About the Author

Vladimir Zernovauthor

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.