Precious metals

Over the past five trading sessions, gold has once again attempted to reach its all-time high zone, located around $3,400 per ounce.

Gold prices failed to extend gains in May for the first time since November. Seasonality and waning momentum point to a potential pullback in June.

The bullish gold forecast has taken a boost as trade tensions have returned to the headlines. And with bond markets wobbling, gold could be setting up for another leg higher.

EUR/USD, Silver Outlook: The U.S. Dollar Index climbed back above 100 after US trade court blocked major Trump-era tariffs, boosting sentiment despite weak economic data. The rebound pressured key support levels in EUR/USD (1.12) and silver (32.60). Will they hold?

USD/CAD and Silver Outlook: Initial optimism from trade talks has faded as renewed focus on Trump-era policies—especially the new tax bill and rising U.S. debt—pressures sentiment and the dollar. Major currencies are approaching 2025 highs, while haven assets resume their bullish path.

Gold may fail to break the prior month’s high for the first time in 2024 — a signal that preceded a two-month retracement last year. With overbought signals flashing on higher timeframes, traders should be on alert for a potential deeper correction.

In the precious metals sector where platinum and palladium are up over 10% each on the week. Silver is also looking perky after breaking above its bearish trend line following a lengthy consolidation. Gold is up for the third day, now back above $3,300.

After testing the $3,200 per ounce level, gold has posted a significant recovery of more than 1.5%, as a renewed buying bias takes shape in the metal’s price action.

Gold forecast turns modestly bullish as Moody’s downgrade revives “Sell America” trade, boosting haven demand. Gold is now facing critical resistance at $3245–$3275; break above could open door to $3300 and beyond.

USDJPY, Gold, Silver Outlook: Amid a credit rating downgrade and soft economic data, the US Dollar is pulling back within the 100 range on the DXY, while safe-haven assets like gold, silver, and Japanese yen maintain bullish momentum.

With the recent improvement in risk appetite causing stocks to surge higher, haven demand for gold is not the same as before. The gold forecast is thus not as strong, and we may see a dip to around $3K before dip-buyers step back in.