Gold, Silver, Platinum Forecasts – Gold Climbed Above $2660 As Treasury Yields Pulled Back

Gold

Gold is moving higher as traders focus on the pullback in Treasury yields. From a big picture point of view, market sentiment remains bullish amid geopolitical tensions.

If gold climbs above the resistance at $2675 – $2685, it will get to the test of the psychologically important $2700 level.

Silver

Silver continues its attempts to settle above the resistance at $31.45 – $31.75 as gold/silver ratio pulled back below the 84.50 level.

A move above the $31.75 level will push silver towards the recent highs near the $33.00 level.

Platinum

Platinum pulled back as traders worried that China’s stimulus measures would not provide sufficient support to the economy.

If platinum declines below the $975 level, it will head towards the 50 MA at $958.

For a look at all of today’s economic events, check out our economic calendar.