Gold
Gold is losing ground as Treasury yields test new highs after the release of the higher-than-expected PPI data.
The nearest support level for gold is located in the $2140 – $2150 range. A move below $2140 will push gold towards the next support at $2065 – $2075.
Silver
Silver is losing ground as traders focus on rising Treasury yields and stronger dollar.
The current pullback looks healthy after the strong rally, but silver needs to stay above the $24.40 – $24.60 level to have a chance to gain upside momentum in the upcoming trading sessions.
Platinum
Platinum is losing ground amid a broad pullback in precious metals markets.
From the technical point of view, platinum remains stuck near the key resistance level at $925 – $935.
For a look at all of today’s economic events, check out our economic calendar.
