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Gold, Silver, Platinum Forecasts – Gold Pulls Back Amid Global Market Sell-Off
By:
Key Points:
- Gold managed to climb back above the $3100 level.
- Silver is under strong pressure as traders react to Trump tariffs.
- Platinum tests support at $930 - $935.
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.
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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