Gold
Gold tests new highs amid strong demand for precious metals. Falling Treasury yields provide additional support to gold markets.
If gold manages to settle above the $2750 level, it will move towards the resistance at $2780 – $2790.
Silver
Silver gained ground as traders reacted to the strong performance of gold markets. Gold/silver ratio climbed above the 89 level, which was a disappointing development for silver bulls.
If silver climbs above $31.00, it will move towards the nearest resistance at $31.45 – $31.75.
Platinum
Platinum tests weekly highs as the rebound continues. Palladium is up by almost 2% in today’s trading session, which is bullish for platinum.
A move above the $960 level will push platinum towards the resistance, which is located at the recent highs at $975 – $985.
Gold Price Forecast
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