Gold, Silver, Platinum Forecasts – Gold Gains Some Ground At The Start Of The Week

Gold

Gold gained some ground as U.S. dollar moved lower despite the encouraging Composite PMI report.

In case gold stays above the $2650 level, it will move towards the nearest resistance at $2675 – $2685.

Silver

Silver is mostly flat as traders wait for additional catalysts. It looks that traders are cautious ahead of the Fed decision, which will be released on Wednesday.

A move below the $30.00 level will open the way to the test of the support level at $28.75 – $29.00.

Platinum

Platinum rebounded as traders focused on the better-than-expected Industrial Production report from China.

In case platinum settles back above the resistance at $935 – $945, it will move towards the next resistance at $975 – $985.

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