Gold, Silver, Platinum Forecasts – Gold Retreats As Dollar Tests New Highs

Gold

Gold remains under pressure as traders focus on strong dollar and rising Treasury yields.

If gold declines below the support at $2995 – $3005, it will move towards the next support level at $2930 – $2940.

Silver

Silver continues its attempts to settle below the support level at $32.75 – $33.00 as traders focus on the pullback in gold markets.

A move below the $32.75 level will push silver towards the next support at $31.45 – $31.75.

Platinum

Platinum tests new lows as the strong pullback continues amid demand worries.

If platinum settles below the $960 level, it will head towards the support at $930 – $935.

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