Gold
Gold pulled back towards the support at $2580 – $2590 as U.S. dollar tested new highs after the release of the strong GDP Growth Rate report.
In case gold declines below the $2580 level, it will move towards the next support level, which is located in the $2530 – $2540 range.
Silver
Silver tests new lows as gold/silver ratio climbed towards the psychologically important 90 level.
A successful test of the support at $28.75 – $29.00 will open the way to the test of the next support level, which is located in the $27.50 – $27.70 range.
Platinum
Platinum is losing some ground as traders focus on U.S. dollar’s rally and wait for additional catalysts.
In case platinum declines below the $915 level, it will head towards the nearest support at $895 – $905.
Gold Price Forecast
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