Gold prices saw profit-taking, while silver futures rose in volatile trading.
2026-02-25 01:35:39
Gold and silver prices fell on Tuesday (February 24) as the US afternoon session approached. After gold prices hit a three-week high overnight, short-term futures traders began their usual profit-taking, putting downward pressure on prices. Meanwhile, silver futures rose amid volatile trading with both bulls and bears vying for dominance, driven by safe-haven buying. April gold futures were last quoted down $49.80 at $5175.80 per ounce; March silver futures rose $1.322 to $87.895 per ounce.
An EU assessment report indicates that President Trump's new tariff policy, which imposes tariffs on EU exports such as cheese and some agricultural products, exceeds the limits permitted under the bilateral trade agreement. Bernd Lange, Chairman of the European Parliament's Trade Committee, stated that the European Commission, responsible for EU trade, informed members of parliament on Monday that the new global tariffs would be imposed on top of existing tariffs. Trump's 10% global tariff officially took effect today, a measure taken to uphold his trade agenda following a court ruling.
According to a U.S. government official, the White House is drafting a formal executive order to raise global tariffs to 15%. This event remains highly uncertain, providing positive support for precious metals as a safe-haven asset.
When asked about the fierce competition in the financial industry, JPMorgan Chase CEO Jamie Dimon said he sees similarities between the current market situation and the period before the 2008 financial crisis—when the credit expansion boom ultimately led to disastrous consequences. Dimon told investors on Monday, "Unfortunately, we saw almost the exact same thing between 2005 and 2007, with the market booming and everyone making a fortune."
Dimon stated that while JPMorgan Chase is reluctant to increase net interest income by issuing high-risk loans, "I see some institutions doing some unwise things; they're resorting to irrational means just to increase net interest income." As the helmsman who led the largest U.S. bank through the 2008 financial crisis and acquired two bankrupt major competitors, Dimon believes the credit cycle will eventually weaken again, though the exact timing remains uncertain.
In key overseas markets today, the US dollar index rose slightly, crude oil prices remained stable, trading around $66.25 per barrel, and the benchmark 10-year US Treasury yield is currently around 4.04%.
(COMEX gold futures daily chart source: EasyTrade)
The next short-term upside target for April gold futures bulls is to push the contract closing price above the key resistance level of $5400.00; the next short-term downside target for bears is to push the futures price below the important technical support level of $4854.20. The first resistance level for gold futures is at $5200.00, with further resistance at the overnight high of $5269.40; the first support level is at $5100.00, with further support at $5050.00.
(COMEX silver futures daily chart source: EasyTrade)
The next short-term upside target for March silver futures bulls is to push the contract closing price above the key technical resistance level of $90.00; the next short-term downside target for bears is to push the closing price below the important support level of $71.815, the February low. The first resistance level for silver futures is seen at today's high of $88.75, with further resistance at $90.00; the first support level is this week's low of $84.56, with further support at $83.00.
Note: The gold market operates primarily through two pricing mechanisms: the spot market, which provides immediate quotes for gold purchases and sales with immediate delivery; and the futures market, which determines the price of gold for delivery on a future date. Due to year-end position adjustments and market liquidity, the most actively traded gold futures contract on the Chicago Mercantile Exchange is currently the December contract.
An EU assessment report indicates that President Trump's new tariff policy, which imposes tariffs on EU exports such as cheese and some agricultural products, exceeds the limits permitted under the bilateral trade agreement. Bernd Lange, Chairman of the European Parliament's Trade Committee, stated that the European Commission, responsible for EU trade, informed members of parliament on Monday that the new global tariffs would be imposed on top of existing tariffs. Trump's 10% global tariff officially took effect today, a measure taken to uphold his trade agenda following a court ruling.
According to a U.S. government official, the White House is drafting a formal executive order to raise global tariffs to 15%. This event remains highly uncertain, providing positive support for precious metals as a safe-haven asset.
When asked about the fierce competition in the financial industry, JPMorgan Chase CEO Jamie Dimon said he sees similarities between the current market situation and the period before the 2008 financial crisis—when the credit expansion boom ultimately led to disastrous consequences. Dimon told investors on Monday, "Unfortunately, we saw almost the exact same thing between 2005 and 2007, with the market booming and everyone making a fortune."
Dimon stated that while JPMorgan Chase is reluctant to increase net interest income by issuing high-risk loans, "I see some institutions doing some unwise things; they're resorting to irrational means just to increase net interest income." As the helmsman who led the largest U.S. bank through the 2008 financial crisis and acquired two bankrupt major competitors, Dimon believes the credit cycle will eventually weaken again, though the exact timing remains uncertain.
In key overseas markets today, the US dollar index rose slightly, crude oil prices remained stable, trading around $66.25 per barrel, and the benchmark 10-year US Treasury yield is currently around 4.04%.
(COMEX gold futures daily chart source: EasyTrade)
The next short-term upside target for April gold futures bulls is to push the contract closing price above the key resistance level of $5400.00; the next short-term downside target for bears is to push the futures price below the important technical support level of $4854.20. The first resistance level for gold futures is at $5200.00, with further resistance at the overnight high of $5269.40; the first support level is at $5100.00, with further support at $5050.00.
(COMEX silver futures daily chart source: EasyTrade)
The next short-term upside target for March silver futures bulls is to push the contract closing price above the key technical resistance level of $90.00; the next short-term downside target for bears is to push the closing price below the important support level of $71.815, the February low. The first resistance level for silver futures is seen at today's high of $88.75, with further resistance at $90.00; the first support level is this week's low of $84.56, with further support at $83.00.
Note: The gold market operates primarily through two pricing mechanisms: the spot market, which provides immediate quotes for gold purchases and sales with immediate delivery; and the futures market, which determines the price of gold for delivery on a future date. Due to year-end position adjustments and market liquidity, the most actively traded gold futures contract on the Chicago Mercantile Exchange is currently the December contract.
- Risk Warning and Disclaimer
- The market involves risk, and trading may not be suitable for all investors. This article is for reference only and does not constitute personal investment advice, nor does it take into account certain users’ specific investment objectives, financial situation, or other needs. Any investment decisions made based on this information are at your own risk.
