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Gold, Silver, and Platinum Predictions: Gold Pulls Back as Dollar Challenges Multi-Week Highs
March 31, 2024 Ethan Michael

Gold, Silver, and Platinum Predictions: Gold Pulls Back as Dollar Challenges Multi-Week Highs

Gold retreated towards the $2160 level, while Silver attempted to settle below the support range of $24.40 - $24.60. Platinum is currently trending towards a robust support level between $880 - $890.

In terms of forecasts:

Gold: Gold continues to distance itself from historical highs, influenced by the U.S. dollar's resurgence against a wide range of currencies. The nearest support for gold lies within the range of $2140 - $2150. A breach below this level could lead to further declines towards the subsequent support at $2065 - $2075.

Silver: Silver remains relatively flat, with the gold/silver ratio pulling back towards the 87.50 level. If silver maintains its position above the support range of $24.40 - $24.60, it may aim towards the $25.00 level.

Platinum: Platinum is experiencing a decline amid a broader retreat in precious metal markets. The $880 - $890 support level has been repeatedly tested and has demonstrated resilience. Thus, platinum would require significant catalysts to establish itself below the $880 mark.

Filed in: brics, gold, gold ratio, inflation, IRA, metals, precious metals, savings, silver, silver ratio, trade, us dollar
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