Live Spot Gold
Bid/Ask
3,010.303,012.30
Low/High
2,996.803,047.40
Change
-33.90-1.11%
30daychg
+85.00+2.91%
1yearchg
+835.90+38.45%
Silver Price & PGMs
(Kitco News, Friday. March 21st, 2025) – Gold prices are near steady in early U.S. trading Friday, while silver prices are modestly down. It was a quieter overnight session, with no major news developments. No major U.S. economic data is due out today. April gold was last up $0.30 at $3,044.10. May silver prices were last down $0.231 at $33.76.
There may be some profit-taking pressure from the shorter-term futures surface in gold today, ahead of the weekend. However, the gold bulls will also be looking to buy any significant price dips.
Asian and European stock markets were mixed to weaker overnight. U.S. stock indexes are pointed to weaker openings when the New York day session begins. Stock and financial market traders and investors appear a bit less anxious late this week but by no means overly confident.
The key outside markets today see the U.S. dollar index slightly higher. Nymex crude oil futures prices are slightly down and trading around $67.75 a barrel. The yield on the benchmark 10-year U.S. Treasury note is presently 4.214%.
There is no major U.S. economic data due for release Friday.
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.
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
jdemp2003@gmail.com