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Gold, Silver, Platinum Forecasts – Gold Rebounds Above $2750
By:
Key Points:
- Gold traders stay bullish despite rising Treasury yields.
- Silver is trying to settle back above the $30.50 level.
- Platinum is losing some ground as traders focus on the outlook for Trump's tariff policy.
Gold
Gold rebounds despite stronger dollar as traders use the pullback as an opportunity to increase their long positions.
If gold stays above the $2750 level, it will head towards the resistance at $2780 – $2790.
Silver
Silver is moving towards the $30.50 level as traders focus on the strong performance of gold markets.
A move above $30.50 will push silver towards the recent highs near the $31.00 level.
Platinum
Platinum continues its attempts to settle below the support at $935 – $945 as traders focus on Trump’s tariff threats.
A move below the $935 level will push platinum towards the next support level at $885 – $895.
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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