TAG: Platinum
Gold, Silver, Platinum Forecasts – Gold Pulls Back After Testing New Highs
GoldGold 010424 Daily ChartGold pulled back from historic highs as U.S. dollar gained ground after the release of the better-than-expected ISM Manufacturing PMI report. It should be noted that demand for gold stays strong despite rising Treasury yields, w...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Rally Continues
GoldGold 020424 Daily ChartGold tested new highs despite rising Treasury yields. Demand for safe-haven assets increased as U.S. stock indices pulled back from recent highs.The bullish trend is strong. However, RSI remains in the overbought territory, so t...
6 months ago
Gold, Silver, Platinum Forecast – Gold Tested $2350 As Rally Continued
GoldGold 080424 Daily ChartGold pulled back from historic highs as investors took some profits off the table. However, the current trend stays strong, and demand for gold is rising.From the technical point of view, gold settled in a range between the supp...
6 months ago
Gold Prices Surge Above $2300. Is $2500 The Next Stop?
Gold’s Meteoric Rise: A New Chapter UnfoldsAs Gold prices continue their unstoppable run higher, scaling new all-time record highs for a third consecutive quarter in a row – analysts at GSC Commodity Intelligence have dubbed this the beginning of a “New E...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Demand Stays Strong
GoldGold 090424 Daily ChartGold tested new highs as demand for gold remained strong ahead of U.S. inflation reports, which will be released tomorrow.Gold is overbought, but it remains to be seen whether traders want to take profits off the table as centra...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Retreats As Dollar Tests New Highs
GoldGold 100424 Daily ChartGold pulled back from historic highs as U.S. dollar rallied after the release of U.S. inflation reports, which exceeded analyst expectations.In case gold settles below the $2330 level, it will head towards the nearest support at...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Rebounds Despite Rising Treasury Yields
GoldGold 110424 Daily ChartGold gains ground despite rising Treasury yields and stronger dollar. Demand for gold stays strong as traders bet that central banks will keep buying gold for reserves.If gold settles above the nearest resistance at $2350 – $236...
6 months ago
Gold Price Forecast – A Runaway Move Could Push Gold Towards $3000 by August
The 2005 Gold BreakoutIn 2005, gold broke decisively above the $450 level and entered the recognition phase of the bull market. Notice how prices kept rising despite overbought conditions; corrections were sharp, brief, or absent.I point this out because...
6 months ago
Here’s Why Gold At $3000 And Silver At $50 Is A Real Possibility In 2024
Gold’s Glittering Surge: Riding the Wave of the 2024 Economic LandscapeThis comes as no surprise, considering the current macroeconomic backdrop is fuelling a “perfect storm” for Gold – firmly positioning the precious metal as one of the best performing a...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Pulls Back From Record Highs
GoldGold 120424 Daily ChartGold is losing ground as traders take profits after the strong rally. U.S. dollar tested multi-month highs today. Typically, strong dollar is bearish for gold, but the current situation is unique as gold prices are driven by cen...
6 months ago
Brent Oil and Platinum: Short-Term Price Drop Ahead
Currently, the price of Brent oil remains below the resistance level of 91.00. At that point, it formed the shooting star at the end of the trading week. It looks like the price of this asset might undergo a correction and drop at the beginning of the nex...
6 months ago
Gold, Silver, Platinum Forecasts – Gold Rebounds As Demand For Safe-Haven Assets Stays Strong
GoldGold 150424 Daily ChartGold rebounds after the sell-off which was driven by profit-taking. Demand for safe-haven assets stays strong amid rising geopolitical tensions.A move above the resistance at $2350 – $2360 will push gold towards the $2400 level....
6 months ago
Gold, Silver, Platinum Forecasts – Gold Is Heading Towards $2400 Amid Rising Tensions In The Middle East
GoldGold 160424 Daily ChartGold is moving towards the $2400 level as traders focus on tensions in the Middle East.If gold climbs above the $2400 level, it will head towards the recent highs near $2430.SilverSilver 160424 Daily ChartSilver pulls back as go...
5 months ago
Want To Know Where Oil Prices Are Heading Next? Then Keep An Eye On Gold
From Metals to Energies: Unraveling the 2024 Commodities BoomThis is now the fourth consecutive year that has seen a total of 47 commodities ranging from the Metals, Energies to Agriculture tallying up astronomical double to triple digit gains.So far this...
5 months ago