Gold, Silver, Platinum Forecasts – Gold Tests Support At $1900

Key Insights

• Stronger dollar puts significant pressure on gold markets. 
• Silver managed to settle below the $23.00 level. 
• Platinum is trying to get below the psychologically important $900 level.

Gold

Gold tests support at $1900 as U.S. dollar continues to move higher amid worries about the potential U.S. government shutdown.

In case gold settles below the $1900 level, it will head towards the next support, which is located in the $1875 – $1885 range.

Silver

Silver is also losing ground as traders focus on stronger dollar and rising Treasury yields.

From the technical point of view, silver settled below the $23.00 level and is moving towards the support at $22.25 – $22.50.

Platinum

Platinum made an attempt to settle below the $900 level amid a broad pullback in precious metals markets.

If platinum settles below $900, it will head towards the nearest support level, which is located in the $880 – $890 range.

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