Gold and Silver Price Forecast: Gold Hits 13-Month Low Before US PPI - FXEmpire
Gold
Silver
AI desk brief
- Gold fell 2.76% Thursday to a reported 13-month low; silver lost over 3%, trading near $50. The source reports a 5.10% US 10-year Treasury yield and 102.30 dollar index ahead of Fridayβs US PPI, arguing hot inflation could pressure metals further.
- Goldβs nearest cited support is $3,780; a weekly close below $3,850 could extend losses toward $3,500β$3,600. The source requires a break above $4,150 for stronger recovery toward $4,400.
- For silver, a confirmed break below $48β$50 could expose $45; recovery above $55 would signal a short-term bottom, targeting $60β$70. Softer PPI could support rebounds in both metals.
Sources used
- S1 FXEmpire via Google News β Gold and Silver Price Forecast: Gold Hits 13-Month Low Before US PPI - FXEmpire