Gold, Silver, Platinum Forecasts – Gold Remains Under Pressure As Treasury Yields Rise

Gold

Gold remains under pressure as Treasury yields rise after the release of the strong Non Farm Payrolls report.

If gold settles below the $3235 level, it will move towards the next support level at $3150 – $3160.

Silver

Silver continues to move lower as gold/silver ratio climbed back above the 100.50 level.

A move below the $32.00 level will open the way to the test of the nearest support at $31.45 – $31.75.

Platinum

Platinum  has recently made another attempt to settle above the resistance at $960 – $965 but lost momentum and pulled back.

If platinum declines below the $950 level, it will head towards the support level at $930 – $935.

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