Gold, Silver, Platinum Forecasts – Gold Rebounded Towards $3130

Gold

Gold is moving higher as traders prepare for tariff announcement and focus on U.S. dollar’s pullback.

A move above the resistance at $3140 – $3150 will push gold towards the $3200 level.

Silver

Silver made an attempt to settle back above the $34.00 level but lost momentum and pulled back.

In case silver declines below the $33.50 level, it will head towards the nearest support level, which is located in the $32.75 – $33.00 range.

Platinum

Platinum remains under pressure as traders fear that trade wars will hurt demand for the metal.

A successful test of the support at $980 – $985 will open the way to the test of the next support level at February lows at $930 – $935.

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