Gold, Silver, Platinum Forecasts – Gold Is Mostly Flat As Traders React To U.S. Economic Data

Key Insights

• Gold continues its attempts to settle below the support at $2015 – $2025.
• Silver failed to settle above the $23.00 level. 
• Platinum tests support at $880 – $890.

Gold

Gold is mostly flat despite stronger dollar as traders focus on falling Treasury yields.

If gold settles below the $2015 level, it will move towards the support at $1970 – $1980.

Silver

Silver has recently made an attempt to settle above the $23.00 level but lost momentum and pulled back.

The nearest support level for silver is located in the $22.25 – $22.50 range. A move below $22.25 will push silver towards the support at $21.50 – $21.70.

Platinum

Platinum settled below the $900 level as traders focused on the strong sell-off in palladium markets.

A successful test of the support at $880 – $890 will push platinum towards the next support at $840 – $850.

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