Gold, Silver, Platinum Forecasts – Gold Pulls Back Amid Global Market Sell-Off

Gold

Gold pulled back as traders rushed to raise liquidity amid global market sell-off, which was triggered by Trump tariffs.

It should be noted that gold has already managed to climb back above the $3100 level as demand for safe-haven assets increased.

Silver

Silver suffered a strong sell-off as traders bet that Trump tariffs will put significant pressure on global economy.

In case silver declines below the support at $31.45 – $31.75, it will head towards the next support level at $29.75 – $30.00.

Platinum

Platinum tests support at $930 – $935 amid strong sell-off in precious metals markets.

A move below the $930 level will push platinum towards the support level at $895 – $900.

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