Gold, Silver, Platinum Forecasts – Gold Rallies As U.S. Inflation Rate Drops To 2.4%

Gold

Gold tests new highs as traders focus on U.S. inflation data and react to recent tariff developments.

A move above the resistance at $3150 – $3160 will push gold towards the $3200 level.

Silver

Silver is swinging between gains and losses as gold/silver ratio climbed above the 102.00 level.

If silver manages to settle above the $31.00 level, it will head towards the nearest resistance, which is located in the $31.45 – $31.75 range.

Platinum

Platinum pulls back as traders take some profits off the table after the strong rebound from April lows.

If platinum declines below the $910 level, it will move towards the nearest support level at $895 – $900.

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