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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Markets Pull Back As Trump Says Gold Will Not Be Tariffed
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Key Points:
- Gold tests support at $3350 - $3360.
- Silver declined below the $38.00 level.
- Platinum failed to settle below the support at $1300 - $1305.
Gold
Gold retreats as U.S. President Trump said that gold imports would not face tariffs.
In case gold settles below the support at $3350 – $3360, it will head towards the next support level at $3275 – $3285.
Silver
Silver is losing ground as traders focus on the pullback in gold markets. Stronger U.S. dollar put additional pressure on silver markets today.
A move below the $37.30 level will push silver towards the support at $35.60 – $35.85.
Platinum
Platinum is mostly flat in volatile trading. The technical picture remains unchanged as platinum is stuck in a wide trading range.
If platinum climbs above the $1350 level, it will head towards the resistance level at $1400 – $1405.
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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