vc888
2025-10-11

Gold slipped 1.62% to close at $3,976.24, while silver managed to finish up 1.05% at $49.39, though still well below its earlier intraday high of $51.24.

Looking at the daily chart to see how silver behaved today at that critical $50 resistance level, early in the New York session, it made a sharp attempt to test that level but failed to close above it and then pulled back.

Just a couple of days ago, everyone was celebrating gold’s move above the critical $4,000 psychological resistance level. But with today’s pullback, it slipped back below that level in both COMEX futures and spot.

Goldman Upside Alert: Could Gold Reclaim $5,400 This Year?
Goldman Sachs says its $5,400/oz gold target for December 2026 now carries meaningful upside risk, arguing January’s violent gold–silver swings were driven by Western capital flows, not Asian speculation. The bank highlights tight London liquidity in silver, structurally rising central-bank demand, and limited speculative positioning as signs this rally isn’t a bubble. With reserve diversification away from the dollar accelerating, Goldman is promoting an upgraded “stocks + gold” barbell, favoring precious metals over bonds as the primary hedge. Is gold being repriced for a post-dollar world?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment