Gold, Silver, Platinum Forecasts – Gold Rallies As China Resumes Purchases

Gold

Gold gains ground as China reported that it has started to buy gold for reserves again.

A successful test of the resistance at $2675 – $2685 will open the way to the test of the next resistance level, which is located in the $2740 – $2750 range.

Silver

Silver rallied towards the $32.00 level as gold/silver ratio declined below the 83.50 level.

If silver stays above the $31.75 level, it will head towards the next resistance, which is located in the $34.00 – $34.25 range.

Platinum

Platinum made an attempt to settle above the $950 level amid rising demand for precious metals.

If platinum settles above $950, it will head towards the nearest resistance level at $975 – $985.

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