Gold prices moved higher on Thursday as a sharp pullback in U.S. Treasury yields—spurred by weaker-than-expected economic data—prompted renewed interest in the precious metal.
Spot gold (XAU/USD) is approaching a key technical level near $3,400. A sustained move above this threshold could pave the way for a rally toward the next major resistance zone at $3,490 to $3,500, which represents historic highs.
Silver Eyes Breakout
Silver is also attempting to build momentum, trading near the $34.40–$34.60 resistance range. A confirmed breakout above $34.60 could trigger a push toward the next target at $35.65–$35.85.
Platinum Advances Toward Key Resistance
Meanwhile, platinum has gained upside traction, climbing toward resistance at $1,090–$1,095. If buyers successfully breach this zone, the metal could advance further to test the next ceiling at $1,135–$1,140.
Precious metals traders are closely monitoring economic indicators, as softer data increases expectations for more dovish central bank policies—supportive of non-yielding assets like gold and silver.
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