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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Pulls Back As Traders Focus On U.S. Inflation Risks

By: 
Vladimir Zernov
Gold, Silver, Platinum Forecasts

Key Points:

  • Gold moved lower as dollar rallied after the release of U.S. PPI report.
  • Silver pulled back towards the $38.00 level.
  • Platinum remained stuck near key resistance level.

Gold

Gold
Gold 140825 Daily Chart

Gold is losing ground as traders focus on rising Treasury yields, which moved higher after U.S. PPI exceeded analyst estimates.

If gold stays below the $3350 level, it will move towards the next support level at $3275 – $3285.

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Silver

Silver
Silver 140825 Daily Chart

Silver retreats as traders react to U.S. producer prices data. Gold/silver ratio climbed towards the 88.00 level, putting additional pressure on silver.

A move below the support at $37.30 – $37.50 will push silver towards the next support at $35.60 – $35.85.

Platinum

Platinum
Platinum 140825 Daily Chart

Platinum tests resistance at $1345 – $1350. This resistance level has been tested many times and proved its strength.

If platinum settles above the $1350 level, it will head towards the resistance at $1400 – $1405.

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About the Author

Vladimir ZernovFutures Trading Expert

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

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