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Gold, Silver, Platinum Forecasts – Gold Dives 2.2% As Demand For Safe-Haven Assets Declines
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Key Points:
- Gold is heading towards the $3200 level.
- Silver made an attempt to settle below the $32.00 level.
- Platinum was mostly flat amid hopes for tariff deals.
Gold
Gold tests new lows as the appetite for risk is growing and demand for safe-haven assets declines.
In case gold manages to settle below the support level at $3235 – $3245, it will head towards the next support at $3150 – $3160.
Silver
Silver pulled back as traders focused on the sell-off in gold markets. Strong U.S. dollar and rising Treasury yields put additional pressure on silver.
A successful test of the support at $31.45 – $31.75 will push silver towards the next support level at $30.60 – $30.80.
Platinum
Platinum is mostly flat as traders bet on successful tariff negotiations between the U.S. and other countries.
In case platinum settles back above the $965 level, it will move towards the resistance level, which is located in the $1010 – $1015 range.
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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