Gold
Gold gains some ground as traders wait for catalysts. Treasury yields are moving higher, but this move does not put pressure on gold markets.
From a big picture point of view, gold continues consolidation above the nearest support, which is located in the $2295 – $2305 range.
Silver
Silver moved higher as gold/silver ratio pulled back towards the $84.50 level. Silver is trying to get to the test of the resistance at $27.75 – $28.00.
If silver climbs above the $28.00 level, it will head towards the next resistance at $28.75 – $29.00.
Platinum
Platinum rebounded from session lows as traders used the pullback as an opportunity to increase their long positions.
A successful test of the resistance at $975 – $985 will push platinum towards the next resistance at $1010 – $1020.
For a look at all of today’s economic events, check out our economic calendar.
