Gold
Gold rebounded from recent lows as traders focused on U.S. PCE Price Index report, which missed analyst expectations.
A move above the $2630 level will push gold towards the $2650 level. If gold climbs above $2650, it will head towards the resistance at $2675 – $2685.
Silver
Silver is moving higher as traders focus on U.S. dollar’s pullback and falling Treasury yields.
If silver manages to climb back above the $29.50 level, it will head towards the psychologically important $30.00 level.
Platinum
Platinum gained some ground amid rising demand for precious metals. However, platinum did not manage to gain strong momentum.
From the technical point of view, platinum needs to settle above the resistance at $935 – $945 to have a chance to gain sustainable upside momentum in the near term.
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