Gold, Silver, Platinum Forecasts – Gold Gains Ground As Trump Finishes His Speech

Gold

Gold gains some ground as traders focus on Trump’s speech. The strong pullback of the U.S. dollar provided some support to gold markets today.

If gold climbs above the nearest resistance at $2715 – $2725, it will move towards the next resistance level at $2780 – $2790.

Silver

Silver is moving higher, supported by weaker dollar. Gold/silver ratio did not manage to settle above the 90 level and pulled back below 89, which was bullish for silver.

In case silver climbs back above the $30.50 level, it will head towards the resistance at $31.45 – $31.75.

Platinum

Platinum is losing ground as traders take some profits off the table after yesterday’s rebound.

If platinum declines below the support at $935 – $945, it will move towards the next support level at $885 – $895.

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