Gold powers to record high on safe-haven bids, bullish technicals

SPOT MARKET IS OPEN
(WILL CLOSE IN 1 HR. 52 MINS. )
Mar 27, 2025 3:09 PM NY Time

Live Spot Gold

Bid/Ask

3,055.203,056.70

Low/High

3,016.203,062.20

Change

+34.70+1.15%

30daychg

+146.20+5.03%

1yearchg

+864.10+39.44%

Silver Price & PGMs

Mar 27, 2025 3:09 PM NY Time

Kitco 10AM Silver Fix

Silver34.38+0.78
Platinum984.00+11.00
Palladium961.00+9.00
Rhodium 5,575.00+50.00

(Kitco News, Thurs. March 27th, 2025 ) – Gold and silver prices are sharply higher in midday U.S. trading Thursday, with Comex gold futures hitting a new record high of $3,071.30 an ounce, as of this writing. Silver prices notched a five-month high today. A steady stream of safe-haven demand and bullish technical charts are keeping the two precious metals prices on an upward trajectory. April gold was last up $41.70 at $3,063.90. May silver prices were last up $0.913 at $35.13.

U.S. stock indexes are mixed at midday. Risk appetite is not keen in the general marketplace late this week, following the latest salvo of tariffs on imported vehicles from the Trump administration.

The key outside markets today see the U.S. dollar index lower. Nymex crude oil futures prices are slightly up and trading around $69.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently around 4.4%.

Technically, April gold futures bulls have the strong overall near-term technical advantage. Bulls’ next upside price objective is to produce a close above solid resistance at $3,100.00. Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $2,900.00. First resistance is seen at today’s contract high of $3,071.30 and then at $3,085.00. First support is seen at $3,050.00 and then at the overnight low of $3,022.30.

May silver futures bulls have the solid overall near-term technical advantage. Prices are in a choppy, three-month-old uptrend on the daily bar chart. Silver bulls’ next upside price objective is closing prices above solid technical resistance at the October 2024 high of $35.80. The next downside price objective for the bears is closing prices below solid support at $33.00. First resistance is seen at today’s high of $35.27 and then at $35.50. Next support is seen at $34.50 and then at the overnight low of $34.125.

Posted by:

Jack Dempsey, President

401 Gold Consultants LLC

jdemp2003@gmail.com

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