Gold
Gold rallied as traders resumed purchases after a period of consolidation. The upside trend stays strong, and gold is moving higher despite rising Treasury yields.
If gold climbs above the $4100 level, it will head towards the resistance level at $4170 – $4180.
Silver
Silver tests resistance at $49.60 – $49.80 as gold/silver ratiio declined below the 82.00 level.
In case this test is successful, silver will head towards the next resistance at $52.60 – $52.80.
Platinum
Platinum climbed above the $1570 level amid rising demand for precious metals.
A move above the $1600 level will push platinum towards the nearest resistance level at $1620 – $1630.
Gold Price Forecast
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