Gold, Silver, Platinum Forecasts – Gold Declines Despite Falling Treasury Yields

Gold

Gold is losing ground amid lack of significant catalysts. Treasury yields are moving lower, but this move does not provide support to gold markets.

In case gold settles below the 50 MA at $2327, it will head towards the support level at $2295 – $2305.

Silver

Silver pulls back as traders continue to take profits after the strong rally. Gold/silver ratio rebounded towards 76.50, which was bearish for silver.

If silver stays below the $30.90 level, it will head towards the support at $28.75 – $29.00.

Platinum

Platinum received support near the $1020 level and is trying to gain upside momentum.

A move above the $1050 level will push platinum towards the resistance at $1070 – $1080.

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