Gold, Silver, Platinum Forecasts – Gold Climbs Above $2650 Amid Rising Demand For Safe-Haven Assets

Gold

Gold gains ground despite strong dollar and rising Treasury yields. Demand for safe-haven gold is rising amid pullback in U.S. equity markets.

In case gold stays above the $2650 level, it will get to the test of the nearest resistance level at $2675 – $2685.

Silver

Silver tested new highs as traders focused on strong performance of gold markets.

A move above the $30.00 level opens the way to the test of the 50 MA at $30.86. If silver settles above the 50 MA, it will move towards the resistance level at $31.45 – $31.75.

Platinum

Platinum rallied as traders bet on rising demand for the metal. Palladium markets have also gained upside momentum in today’s trading session.

If platinum settles above $960, it will head towards the next resistance level at $975 – $985.

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