Gold, Silver, Platinum Forecasts – Gold Climbed Above $2300 Amid Rising Tensions In The Middle East

Vladimir Zernov
Published: Apr 5, 2024, 17:25 GMT+00:00

Key Points:

  • Gold is trying to settle above the $2330 level.
  • Silver tested new highs as gold/silver ratio settled below the 85 level.
  • Platinum pulled back amid demand worries.
Gold, Silver, Platinum Forecasts

In this article:


Gold 050424 Daily Chart

Gold tests new highs amid rising demand for safe-haven assets. Gold traders stay focused on rising tensions in the Middle East.

Gold has recently settled above the resistance at $2295 – $2305 and is ready to test new highs.


Silver 050424 Daily Chart

Silver is moving higher as traders focus on the strong rally in gold markets. Gold/silver ratio stays below the 85 level, which is bullish for silver.

From the technical point of view, silver is moving towards the nearest resistance at $27.75 – $28.00.


Platinum 050424 Daily Chart

Platinum pulled back after an unsuccessful attempt to settle above the resistance at $925 – $935.

If platinum settles below the $925 level, it will head towards the support at $880 – $890.

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

About the Author

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.

Did you find this article useful?