Gold
Gold pulled back from session highs as U.S. dollar gained ground against a broad basket of currencies.
If gold settles back below the $2650 level, it will head towards the $2625 level. From the technical point of view, gold remains stuck below the key resistance at $2675 – $2685.
Silver
Silver pulled back as gold/silver ratio climbed above the 85.00 level. Strong dollar and rising Treasury yields put pressure on silver markets.
If silver settles below the $31.00 level, it will head towards the recent lows at $30.12.
Platinum
Platinum gained ground as traders bet that China’s stimulus measures may boost demand for the metal.
A move above the $1000 level will open the way to the test of the next resistance at $1020 – $1030.
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