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

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

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
Gold 261124 Daily Chart

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.

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Silver

Silver
Silver 261124 Daily Chart

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
Platinum 261124 Daily Chart

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.

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About the Author

Vladimir ZernovFutures Trading Expert

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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