Discover the latest silver price update at $33.00, with key support and resistance levels, technical analysis, and buying/selling opportunities. Stay informed on XAG/USD trends.
Technical Analysis
Spot Gold Forecast: Bullion Looks to extend correction
![MCX Gold Target 98,500 Very Very Soon, Buy on Dips [21 April 2025]](https://goldsilverreports.com/wp-content/uploads/2020/03/gold-052904-gsr.jpg)
Spot Gold Forecast: The US markets will be closed due to the Labor Day holiday on Monday and as such market action is likely to remain subdued. In the early trading hours of the Asian session on Tuesday, the Caixin Services PMI data from China will be watched closely by market participants. A reading below 50 could remind investors of the slowdown in the world’s second-biggest economy and hurt gold. On the other hand, an unexpected improvement in the data could help the market mood improve, providing relief for the precious metal.
Aluminum price Jumps to Highest Since 2018 on Strong China Trade Data
Aluminum price: surged to the highest in almost three years, leading gains in base metals as Chinese trade data buoyed the outlook for demand.
Gold Prices Could Rise Above $1,300 Next Week – Gold Silver Reports
Gold Silver Reports (GSR) – Gold prices could rise above $1,300 next week , The safe haven yellow metal found takers at the 100-week moving average (MA) of $1,277 on Monday as Trump’s re-escalation of the trade war with China sent risk assets sharply lower on the fist trading day of the week.
Gold Prices had Earlier Breached its 100-Day Moving Average
Gold Silver Reports (GSR) – Gold prices slipped today, but was trading above the 10-week low touched in the previous session, as the dollar rose against the yen on signs of progress in the US-China trade dispute and strong US economic data. Investors are now awaiting the US jobs numbers for more signals on the strength of the economy.