Gold, Silver, Platinum Forecasts – Gold Pulls Back Despite Falling Treasury Yields

Gold

Gold pulls back as traders continue to evaluate the recent Fed decision and comments from Fed Chair Powell.

In case gold settles below the support at $2295 – $2305, it will move towards the next support level at $2190 – $2200.

Silver

Silver rebounded from session lows as gold/silver ratio pulled back towards the 86.50 level.

If silver climbs back above the $27.00 level, it will head towards the nearest resistance at $27.75 – $28.00.

Platinum

Platinum is mostly flat as traders wait for additional catalysts. U.S. dollar’s pullback and falling Treasury yields provided some support to platinum markets.

A move above the $960 level will open the way to the test of the nearest resistance at $975 – $985.

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