Gold, Silver, Platinum Forecasts – Gold Rebounds As Demand For Safe-Haven Assets Stays Strong -


Gold 150424 Daily Chart

Gold 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.


Silver 150424 Daily Chart

Silver rallied as gold/silver ratio declined below the 82.50 level. From a big picture point of view, gold/silver ratio is moving towards November 2023 lows near the 80 level.

In case silver settles above the resistance at $28.70 – $28.90, it will head towards the next resistance level at $29.70 – $30.00.


Platinum 150424 Daily Chart

Platinum pulls back as traders continue to take profits after the unsuccessful attempt to settle above the $1000 level.

If platinum declines below $960, it will move towards the nearest support level, which is located in the $925 – $935 range.

For a look at all of today’s economic events, check out our economic calendar.

This article was originally posted on FX Empire


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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