Gold has surged past the $3,200 mark amid escalating trade tensions and renewed global inflation fears, triggered by former President Trump’s aggressive 145% tariff hike on Chinese imports.
Silver has broken out of long-term resistance, forming an ascending channel that signals continued bullish momentum. The price is currently around $33.82, with a potential target of $38.
Gold has broken through long-term resistance levels, signaling strong bullish momentum. The metal's price action reveals a classic cup and handle pattern, historically associated with further upside.