Gold, Silver, Platinum Forecasts – Gold Rebounds Despite Rising Treasury Yields

Key Insights

• Gold moved back above the $2015 level as demand for precious metals increased. 
• Silver received strong support near the $22.50 level. 
• Platinum climbed above $900 as traders bet on a rebound after the strong pullback. 

Gold

Gold rebounds despite rising Treasury yields and stronger dollar as traders focus on rising demand for precious metals.

In case gold settles back above the $2025 level, it will head towards the next resistance at $2065 – $2075.

Silver

Silver received strong support near $22.50 and is trying to climb above the $22.70 level.

In case this attempt is successful, silver will head towards the $23.00 level. A move above $23.00 will open the way to the test of the resistance at $23.40 – $23.60.

Platinum

Platinum rallies amid a broad rebound in precious metals markets.

In case platinum settles above the $900 level, it will head towards the resistance at $925 – $935.

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