Gold
Gold is under strong pressure as traders react to U.S. – China trade truce. Demand for safe-haven assets declined, which was bearish for gold.
In case gold settles below the support at $3990 – $4000, it will head towards the next support level, which is located in the $3890 – $3900 range.
Silver
Silver declined by more than 4% as gold/silver ratio climbed above the 85.00 level.
A successful test of the support at $47.00 – $47.20 will open the way to the test of the next support level at $44.30 – $44.50.
Platinum
Platinum is losing some ground amid broad pullback in precious metals markets.
In case platinum declines below the nearest support level at $1520 – $1530, it will head towards the next support at $1460 – $1470.
Gold Price Forecast
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