Gold
Gold pulls back as traders focus on stronger U.S. dollar and Powell’s hawkish remarks.
From a big picture point of view, traders used Powell’s comments as an excuse to take some profits off the table after the strong rally.
Silver
Silver is losing some ground as Treasury yields move higher and U.S. dollar tests weekly highs.
From the technical point of view, silver needs to settle above the resistance at $44.25 – $44.50 to gain additional upside momentum in the near term.
Platinum
Platinum made an attempt to settle above the $1500 level but lost momentum and pulled back.
If platinum settles back below $1475, it will head towards the nearest support at $1450 – $1455.
Gold Price Forecast
Every new Gold analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Gold forecastsFor a look at all of today’s economic events, check out our economic calendar.