Gold
Gold retreats as traders react to strong U.S. dollar and rising Treasury yields. Profit-taking serves as an additional bearish catalyst for gold markets today.
If gold pulls back below the $2610 level, it will move towards the nearest support at $2580 – $2590.
Silver
Silver gained ground as gold/silver ratio pulled back towards the 88 level. Gold/silver ratio did not manage to settle above the 90 level, which is a bullish development for silver.
A move above the $30.00 level will push silver towards the resistance at $31.45 – $31.75.
Platinum
Platinum continues to rebound after the recent pullback. Rising palladium markets provided additional support to platinum in today’s trading session.
A successful test of the resistance at $935 – $945 will push platinum towards the 50 MA at $965.
Gold Price Forecast
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