Gold, Silver, Platinum Forecasts – Gold Remains Under Pressure
- Gold is losing ground as Treasury yields continue to move higher.
- Silver rebounds as gold/silver ratio retreats towards 86.
- Platinum dips below the important $880 level.
Silver rebounds from recent lows as gold/silver ratio pulls back towards the 86 level.
RSI remains in the oversold territory, so silver has a decent chance to gain additional upside momentum.
Platinum moved below the $880 level as the pullback continued. High yields and strong dollar served as the key bearish catalysts for platinum.
In case platinum settles below the support at $880 – $890, it will head towards the next support level at $835 – $845.
For a look at all of today’s economic events, check out our economic calendar.