Gold
Gold moved away from session lows as traders reacted to the lower-than-expected U.S. Inflation Rate report.
In case gold climbs above the resistance at $4170 – $4180, it will head towards the next resistance at $4370 – $4380.
Silver
Silver has also managed to rebound from session lows as traders focused on the performance of gold markets.
From the technical point of view, silver needs to settle above the resistance at $49.60 – $49.80 to gain additional upside momentum.
Platinum
Platinum is moving higher as traders focus on strong PMI reports from the U.S. and bet on rising demand for the metal.
If platinum settles above the $1600 level, it will head towards the nearest resistance at $1620 – $1630.
Gold Price Forecast
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