Gold, Silver, Platinum Forecasts – Gold Rebounds As Treasury Yields Fall

Gold

Gold rebounds as traders focus on the pullback in Treasury yields. U.S. dollar’s pullback provides additional support to gold markets.

If gold climbs above the resistance at $2390 – $2400, it will move towards the next resistance level at $2445 – $2450.

Silver

Silver is trying to rebound after the strong pullback. Gold/silver ratio made an attempt to settle above the 86 level, which was bearish for silver.

If silver settles back above the $28.00 level, it will head towards the nearest resistance, which is located in the $28.75 – $28.00 range.

Platinum

Platinum continues its attempts to settle below the support at $935 – $940 as traders stay worried about China’s economic problems.

If platinum stays below the $935 level, it will head towards the next support level at $890 – $900.

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