Gold
Gold is moving higher as traders focus on the strong pullback in Treasury yields. U.S. dollar is losing ground against a broad basket of currencies, providing additional support to gold markets.
In case gold settles back above the $2350 level, it will head towards the nearest resistance at $2390 – $2400.
Silver
Silver rebounds from session lows, supported by weaker dollar and falling Treasury yields.
A move above the resistance at $30.90 – $31.20 will provide silver with an opportunity to gain additional upside momentum.
Platinum
Platinum tests support at $1010 – $1020 amid demand worries. U.S. dollar’s pullback did not provide support to platinum markets.
If platinum settles below $1010, it will head towards the next support at $975 – $985.
Gold Price Forecast
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