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