Live Spot Gold
Bid/Ask
3,012.203,013.20
Low/High
3,003.903,034.50
Change
-11.20-0.37%
30daychg
+76.70+2.61%
1yearchg
+847.50+39.15%
Silver Price & PGMs
(Kitco News, Monday. March 24th, 2025) – Gold prices are up a bit in early U.S. trading Monday and not far below the recent contract/record highs. Silver prices are also firmer. The precious metals are seeing a steady flow of safe-haven buying amid persistent elevated uncertainty in the marketplace. The overall technical posture for gold remains solidly bullish, while for silver the technicals are overall bullish. April gold was last up $8.50 at $3,029.90. May silver prices were last up $0.149 at $33.635.
Asian and European stock markets were mostly up overnight. U.S. stock indexes are pointed to solidly higher openings when the New York day session begins. Reads a Barrons headline today: “Trump tariffs are the stock market’s kryptonite. Why the rally won’t last.”
The key outside markets today see the U.S. dollar index weaker. Nymex crude oil futures prices are firmer and trading around $69.00 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently 4.294%.
U.S. economic data due for release Monday includes the Chicago Fed national activity index, and the U.S. flash and services purchasing managers’ indexes.
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 the contract high of $3,065.20 and then at $3,085.00. First support is seen at the overnight low of $3,026.90 and then at Tuesday’s low of $3,008.20. Wyckoff’s Market Rating: 9.0.
May silver futures bulls have the overall near-term technical advantage. 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 $32.215. First resistance is seen at $34.00 and then at Thursday’s high of $34.595. Next support is seen at the overnight low of $33.475 and then at $33.00.
Posted by:
Jack Dempsey, President
401 Gold Consultants LLC
jdeno2003@gmail.com