Gold, Silver and Copper Price Highlights

The Gold’s (XAUUSD) ascent towards new peaks shows a significant market reaction on the U.S Fed’s rate position.

The Silver as well as platinum’ rapid rises highlight widespread confidence in the value of precious metals.

The Copper’s advance, prompted by availability fears, is consistent with optimistic commodities tendencies.

The market Perspective

The price of gold rocketed to new highs in the today. Fueled by the US Fed Reserve’s move to keep rates constant yet allude at probable rate cuts this year. The dip in the value of the US dollar following the Federal Reserve’s session sparked a huge rally for the commodities field. Driving copper to eleven-month highs and lifting other valuable metals.

Traders now expect a rate decrease in the month of June having a 73.4 percent chance. Nevertheless, the U.S Fed’s revised economic projection into 2024 shows a more equitable view. Which may dampen gold’s secure status allure in the center of a rising American economy.

The Silver has also experienced substantial gains, echoing the overall trend in metals that are precious. In the meantime, copper’s surge gathered traction, and investor attention moving to impending PMI data for additional buyer signals.

Gold (XAUUSD) Analysis

On the 21st of March gold showed tenacity, increasing 0.78 percent to $2203.02 mark. The turning-point at $2208.94 appears as a critical milestone on the metal’s journey. Resistance points at $2216.11, $2225.52, then $2234.49 level set the stage for more gains.

Source: TradingView

In contrast, the levels of support around $2195.05, $2186.53, then $2176.45 mark provide bases for future decreases. Technical gauges such as the RSI & the 50 & 200 D-EMAs, which are at $2158.32 & $2099.73, each, suggest a complex picture.

The present posture predicts a negative tendency beneath $2208.94 mark. However, breaking above this pivot point might herald a move into an upward trend.

Silver Price Analysis

The Silver climbed above, up 0.21 percent to $25.63 level after investors considered numerous economic factors & market mood. The pivotal point at $25.45 mark represents a critical crossroad for further price swings. Having barriers at $25.78, $26.15, then $26.44 mark.

These values might limit the upside if the silver attempts to rise. Supporting levels at $25.14, $24.78, & $24.52 mark offer protection from future dips.

The 50 & 200 D- EMAs, around $24.79 & $23.80, each, show a positive view for the metal. For as long the price remains over $25.45 mark. A drop under this pivotal point, on the other hand, may suggest a change to the negative tendency. Demanding an analytical review for investors and speculators.

Copper Price Analysis

Copper’s pricing rose 0.42 percent to $4.11466 mark, showing good trend in the metals market. The pivotal point at $4.09 is a significant threshold calculation. Having subsequent opposition points at $4.14, $4.17, then $4.21 ready to stymie rising momentum.

Supporting points around $4.04, $4.00, then $3.95 area, on the other hand, give a firm basis that might halt any drops. The 50 & 200 D-EMAs, near $4.04 & $3.92, each, imply a positive mood for as long as the trading price remains over $4.09 zone. A plunge beneath the pivot point might signal a negative change, so investors should exercise care.

Technical Indicators & Signals

Gold

Silver

Copper