Gold, Silver, Platinum Forecasts – Gold Retreats As Dollar Tests Multi-Week Highs

Gold

Gold continues to move away from historic highs as U.S. dollar gains ground against a broad basket of currencies.

The nearest support level for gold is located in the $2140 – $2150 range. If gold declines below this level, it will head towards the next support at $2065 – $2075.

Silver

Silver is mostly flat as gold/silver ratio pulled back towards the 87.50 level.

If silver stays above the support at $24.40 – $24.60, it will move towards the $25.00 level.

Platinum

Platinum is losing ground amid a broad pullback in precious metals markets.

The nearest support level at $880 – $890 has been tested many times and proved its strength, so platinum will need strong catalysts to settle below $880.

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