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Gold (XAUUSD), Silver, Platinum Forecasts – Gold Rebounds Despite Rising Treasury Yields
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Key Points:
- Gold rebounded towards the $4000 level.
- Silver gained 2% as demand for precious metals increased.
- Platinum attempts to settle back above the $1540 level.
Gold
Gold rebounds as traders buy the dip despite strong dollar and rising Treasury yields.
If gold climbs back above the $4000 level, it will head towards the resistance level at $4170 – $4180.
Silver
Silver rallied above the $48.00 level as gold/silver ratio pulled back below the 83.00 level.
If silver stays above $48.00, it will head towards the nearest resistance at $49.60 – $49.80.
Platinum
Platinum gained ground amid rising demand for precious metals. Currently, platinum is trying to settle back above the $1540 level.
In case this attempt is successful, platinum will head towards the resistance at $1620 – $1630.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
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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