Gold, Silver, Platinum Forecasts – Gold Is Mostly Flat As Traders Wait For FOMC Minutes

By:

Vladimir Zernov

Published: Nov 26, 2024, 18:47 GMT+00:00

Key Points:

Gold settled near the $2620 level.
Silver is flat as traders wait for catalysts.
Platinum is down by 1.5% amid demand worries.

Gold

Gold 261124 Daily Chart

Gold is swinging between gains and losses as traders wait for the release of FOMC Minutes, which may have a material impact on Treasury yields.

If gold settles back above the $2650 level, it will head towards the nearest resistance at $2675 – $2685.

Silver

Silver 261124 Daily Chart

Silver is flat as traders wait for additional catalysts. U.S. dollar gained ground against a broad basket of currencies today, but this move did not put pressure on silver markets.

In case silver climbs above the $30.50 level, it will head towards the resistance at $31.45 – $31.75.

Platinum

Platinum 261124 Daily Chart

Platinum tests new lows as pullback continues amid demand worries.

If platinum stays below the $935 level, it will head towards the next support at $895 – $905.

For a look at all of today’s economic events, check out our economic calendar.

About the Author

Vladimir Zernovauthor

Vladimir is an independent trader and analyst with over 10 years of experience in the financial markets. He is a specialist in stocks, futures, Forex, indices, and commodities areas using long-term positional trading and swing trading.