Gold, Silver, Platinum – Gold Moves Higher As Traders Bet On A Less Hawkish Fed

Key Insights

• Gold is moving towards the resistance at $1975 – $1985.
• Silver is trying to settle above the resistance at $24.80.
• Platinum remains stuck near the support at $965 – $975.

Gold

Gold gains ground ahead of the Fed Interest Rate decision, which will be released soon.

In case gold settles above the resistance at $1975 – $1985, it will move towards the next resistance level at $2015 – $2025.

Silver

Silver is also moving higher as traders prepare for the Fed decision and the subsequent commentary from Jerome Powell.

If silver settles above the resistance in the $24.60 – $24.80 range, it will head towards the next resistance at $25.90 – $26.15.

Platinum

Platinum remains stuck near the support level at $965 – $975 as traders wait for Powell’s comments.

If platinum settles above $975, it will gain additional upside momentum and move towards the resistance at $1015 – $1030.

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