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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Markets Pull Back As Trump Says Gold Will Not Be Tariffed
Gold: chart Gold retreats as U.S. President Trump said that gold imports would not face tariffs. In case gold settles below the support at $3350 – $3360, it will head towards the next support level at $3275 – $3285. Silver: chart Silver is losing ground as traders focus on the pullback in gold markets. Stronger U.S. dollar put additional pressure on silver markets today. A move below the $37.30 level will push silver towards the support at $35.60 – $35.85. Platinum: chart Platinum is mostly flat in volatile trading. The technical picture remains unchanged as platinum is stuck in a wide trading range. If ... (full story)
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A Statement from Donald J. Trump, President of the United States of America:Gold will not be Tariffed!
From nypost.com | Aug 11, 2025
President Trump on Monday said gold bars will not face tariffs – leading to relief from global bullion markets after days of speculation that the precious metal could be caught up in the ongoing global trade war. “Gold will not be Tariffed!” Trump wrote in a post on his social media platform Truth Social Monday. US spot gold – the global benchmark – fell ...
From gold.org | Aug 11, 2025
Last week saw new tariffs announced and higher tariffs take effect. Central banks in the UK and India made cautious, diverging policy moves. US economic data showed signs of weakness, while strong corporate earnings lifted investor sentiment. • Major global equities rose, driven by strong corporate earnings in the US, Europe, and Japan, while Chinese ...
