Gold, Silver, Platinum Forecasts – Gold Pulled Back Below $2900 Amid Profit-Taking

Gold

Gold pulled back as traders took some profits off the table near historic highs. Falling Treasury yields did not provide any support to gold markets in today’s trading session.

In case gold declines below the support at $2870 – $2880, it will head towards the next support level, which is located in the $2780 – $2790 range.

Silver

Silver made an attempt to settle above the resistance at $32.75 – $33.00 but lost momentum and pulled back.

In case silver declines below the $32.00 level, it will get to the test of the nearest support level at $31.45 – $31.75.

Platinum

Platinum found itself under strong pressure as traders rushed to take profits near multi-week highs.

A move below the $1000 level will push platinum towards the support level at $980 – $985.

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