Gold, Silver, Platinum Forecasts – Gold Gains 1.2% As Rally Continues

Gold

Gold tests new highs as traders stay focused on the recent report from China’s central bank, which indicated that China has resumed its gold purchases.

In case gold manages to settle above the resistance at $2675 – $2685, it will move towards the next resistance level at $2740 – $2750.

Silver

Silver gained some ground as traders reacted to the rally in gold markets.

If silver stays above the $32.00 level, it will head towards the next resistance level, which is located in the $34.00 – $34.25 range.

Platinum

Platinum is swinging between gains and losses as traders react to China’s exports and imports data, which missed analyst expectations.

In case platinum settles below the support at $935 – $945, it will move towards the next support level at $895 – $905.

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