Gold
Gold faced resistance near the $3440 level and pulled back as traders focused on rising Treasury yields.
If gold stays below the $3400 level, it will head towards the support level at $3350 – $3360.
Silver
Silver is losing ground as traders react to the sell-off in gold markets. Gold/silver ratio pulled back towards the 86.50 level, providing support to silver.
A move below the $39.00 level will push silver towards the nearest support, which is located in the $37.30 – $37.50 range.
Platinum
Platinum is moving lower as traders continue to take profits off the table near multi-year highs.
In case platinum settles below $1450, it will head towards the support level at $1400 – $1405.
Gold Price Forecast
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