Gold, Silver, Platinum Forecasts – Gold Pulls Back From Historic Highs As Dollar Rebounds

Gold

Gold moves away from historic highs as U.S. dollar rebounds from weekly lows after the release of U.S. Retail Sales data.

In case gold settles below the $2550 level, it will head towards the next support level at $2520 – $2530.

Silver

Silver is losing some ground as traders continue to take profits off the table after the strong rally.

If silver settles below the $30.50 level, it will move towards the $30.00 level. A move below $30.00 will push silver towards the support at $28.75 – $29.00.

Platinum

Platinum is under pressure amid broad pullback in precious metals markets.

A successful test of the support at $975 – $985 will open the way to the test of the next support level at $935 – $940.

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