Gold, Silver, Platinum Forecasts – Gold Is Mostly Flat After Yesterday’s Sell-Off

Gold

Gold gains some ground after yesterday’s sell-off. Rising Treasury yields and stronger dollar did not put pressure on gold markets today.

In case gold manages to settle above the $2370 level, it will head towards the resistance, which is located near recent highs at $2390 – $2400.

Silver

Silver continues its attempts to settle above the resistance at $30.90 – $31.20 as gold/silver ratio stays near the 76.50 level.

A move above $31.20 will push silver towards the next resistance at $32.25 – $32.50.

Platinum

Platinum remains under pressure as traders focus on the strong sell-off in palladium markets, which are down by 3.3% today.

A move below the $975 level will push platinum towards the support at $930 – $940.

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