Gold
Gold remains under pressure as traders focus on U.S. inflation data. Inflation Rate increased from 2.4% to 2.6%, and traders bet that Fed may be forced to be more hawkish in the near term.
A move below the $2580 level will push gold towards the next support at $2515 – $2525.
Silver
Silver made an attempt to settle above the $31.00 level but lost momentum and pulled back.
In case silver declines below the $30.00 level, it will head towards the nearest support level at $28.75 – $29.00.
Platinum
Platinum tests new lows amid broad pullback in precious metals markets. U.S. dollar tests multi-month highs, which is bearish for platinum.
A successful test of the support at $935 – $945 will push platinum towards the next support level at $895 – $905.
Gold Price Forecast
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