Gold
Gold tests new lows as pullback continues. U.S. dollar tests multi-month highs, which is bearish for gold.
In case gold settles below the support at $2580 – $2590, it will move towards the next support level, which is located in the $2515 – $2525 range.
Silver
Silver is losing ground as traders focus on the sell-off in the gold markets. Rising Treasury yields put additional pressure on silver markets today.
A move below the $30.00 level will open the way to the test of the next support at $28.75 – $29.00.
Platinum
Platinum is under pressure amid demand worries. The strong sell-off in palladium markets has served as an additional bearish catalyst for platinum.
A successful test of the support at $935 – $940 will push platinum towards the next support level at $895 – $905.
Gold Price Forecast
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