Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Traders Focus On U.S. CPI Data

Gold

Gold tests new highs as strong rally continues after the release of U.S. inflation data, which met analyst expectations.

In case gold settles above the $2720 level, it will head towards the next resistance, which is located in the $2740 – $2750 range.

Silver

Silver is mostly flat as gold/silver ratio climbed back above the 85.00 level.

If silver pulls back below the $31.45 level, it will head towards November lows near the $30.00 level.

Platinum

Platinum remains stuck near the support level at $935 – $945. It looks that strong dollar and rising Treasury yields put some pressure on platinum markets in today’s trading session.

If platinum manages to climb above the $950 level, it will move towards the nearest resistance at $975 – $985.

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