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Gold (XAUUSD), Silver, Platinum Forecasts – Spot Gold Rises Towards The $3400 Level, Futures Test All-Time Highs
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Key Points:
- Gold keeps moving higher as U.S. may apply tariffs to imports of gold bars.
- Silver is flat amid profit-taking.
- Platinum pulled back towards the $1330 level.
Gold
Gold made an attempt to settle above the $3400 level as traders focused on U.S. tariffs for commonly traded gold bars. Gold futures have rallied as traders reacted to this surprising development.
A move above $3400 will open the way to the test of the resistance at $3440 – $3450.
Silver
Silver is mostly flat as traders take some profits off the table after the strong rally.
In case silver climbs above the $38.50 level, it will head towards the resistance level at $39.80 – $40.00.
Platinum
Platinum pulled back after an unsuccessful attempt to settle above the resistance at $1345 – $1350.
From the technical point of view, platinum remains stuck in a wide $1300 – $1350 range.
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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