Precious metals news

Gold dropped sharply on Friday, breaching the 50-Day EMA, with traders eyeing $3200 as a potential swing trade entry or a rebound above resistance.

The Australian dollar remains stuck below the key 0.6550 level, as trade optimism fails to overcome gold weakness and market hesitation.

Gold prices may remain range-bound in July 2025, but a breakout beyond $3500 or a drop under $3200 could trigger a major directional shift.

The end of the Iran war with a clear US / Israeli victory and the possibility of an end to the war in Gaza, coupled with renewed risk-on bullishness which has sent US stock market indices to new record highs, is creating an increasingly strong risk-on environment that is seeing a major selloff in the US Dollar continue.

Major markets react to easing geopolitical risks. Crude dips, gold slides, and forex sees key breakouts in the week ahead.

Silver continues to find strong dip-buying interest as bullish momentum builds toward the $37.50 resistance, with long-term targets near $40.

Gold continues to consolidate around its 50-day EMA, with traders watching $3,200 support and $3,500 resistance as central bank demand offsets fading geopolitical risk.

Gold prices are attempting to stabilize above $3300 amid fading safe-haven demand and rising dollar strength, with $3400 acting as critical resistance.

Silver found support at $35.50 on Wednesday, reinforcing its bullish trend with a potential breakout toward $37 and possibly $40 if momentum continues.

Gold prices stabilized on Wednesday after a sharp drop, hovering near key support with external factors like Middle East tensions and USD strength shaping outlook.

Gold prices declined to $3295 as ceasefire news reduced safe haven demand, but buying on dips remains the preferred strategy amid Fed rate uncertainty.

Gold experienced a sharp sell-off during Tuesday’s session as the ceasefire between Israel and Iran removed some geopolitical risk premium from the market.

During Tuesday's trading on June 24, 2025, gold prices have experienced losses of over 1% so far, extending down to the $3316 per ounce support level