Gold, Silver, Platinum Forecasts – Gold Tests Weekly Highs

Gold

Gold gains ground as traders focus on U.S. inflation reports, which showed that Inflation Rate declined to 2.8% in February.

A successful test of the resistance at $2930 – $2940 will open the way to the test of the $3000 level.

Silver

Silver moved above the $33.00 level as gold/silver ratio settled below the 88.50 level.

In case silver climbs above $33.50, it will head towards the next resistance at $34.60 – $34.85.

Platinum

Platinum tests new highs amid rising demand for precious metals. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.

A move above the $1000 level will push platinum towards the resistance at $1015 – $1020.

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