Gold, Silver, Platinum Forecasts – Gold Is Mostly Flat As Traders Focus On U.S. GDP Report

Gold

Gold made another attempt to settle below the $3300 level but lost momentum and rebounded towards $3310.

The technical picture remains unchanged as gold needs to settle above the resistance at $3350 – $3360 to gain upside momentum.

Silver

Silver pulled back towards the $32.50 level as gold/silver ratio climbed above the 101.00 level.

A move below $32.50 will push silver towards the nearest support, which is located in the $31.45 – $31.75 range.

Platinum

Platinum moved lower amid broad pullback in commodity markets, which was driven by the weak U.S. GDP Growth Rate report.

If platinum settles below the $950 level, it will head towards the support at $930 – $935.

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