Advertisement
Advertisement
Gold, Silver, Platinum Forecasts – Gold Moves Higher As Treasury Yields Decline
By:
Key Points:
- Gold climbed towards the resistance at $3235 - $3245.
- Silver was mostly flat as traders waited for additional catalysts.
- Platinum moved above the $950 level.
Gold
Gold gains some ground despite U.S. dollar’s rebound as traders focus on the continuation of the pullback in Treasury yields.
From the technical point of view, gold needs to settle above the resistance at $3235 – $3245 to gain additional upside momentum in the near term.
Silver
Silver remains stuck below the 50 MA at $32.51 as traders wait for additional catalysts.
If silver moves back below the $32.00 level, it will head towards the nearest support at $31.45 – $31.75.
Platinum
Platinum tests new highs as rally continues amid tariff optimism. Platinum is heading towards the nearest resistance at $960 – $965.
In case platinum climbs above the $965 level, it will move towards the 50 MA at $975.
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.
Did you find this article useful?
Latest news and analysis
Advertisement