Gold, Silver, Platinum Forecasts – Gold Tests Historic Highs As Treasury Yields Fall

Gold

Gold tests new highs as traders react to the strong pullback in Treasury yields.

If gold stays above the $3080 level, it will head towards the psychologically important $3100 level.

Silver

Silver faced strong resistance at $34.60 – $34.85 and pulled back as gold/silver ratio rallied above the 90 level.

If silver settles back below the $34.00 level, it will head towards the nearest support at $32.75 – $33.00.

Platinum

Platinum made an attempt to settle above the resistance at $980 – $985 but lost momentum and pulled back.

In case platinum moves below the $960 level, it will head towards the support, which is located in the $930 – $935 range.

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