Gold
Gold pulls back as traders take some profits off the table near historic highs. From a big picture point of view, traders continue to monitor the situation in the Middle East.
In case gold declines below the $2430 level, it will move towards the nearest support at $2390 – $2400.
Silver
Silver is losing ground as gold/silver ratio rebounded towards the 86 level. Silver remains volatile due to wild swings in gold/silver ratio.
A move below the $28.00 level will push silver towards the support at $27.20 – $27.50.
Platinum
Platinum retreats amid broad pullback in commodity markets. Falling palladium markets serve as an additional negative catalyst for platinum.
In case platinum settles back below the $960 level, it will head towards the nearest support at $935 – $940.
Gold Price Forecast
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