Gold
Gold tests new highs as traders focus on the strong pullback in Treasury yields, which is bullish for precious metals.
A successful test of the resistance at $4170 – $4180 will push gold towards the next resistance level at $4370 – $4380.
Silver
Silver rallied above the $53.00 level as gold/silver ratio declined below the 79.00 level.
In case silver stays above the resistance at $52.60 – $52.80, it will head towards the $55.00 level.
Platinum
Platinum gained 2% amid rising demand for precious metals. Currently, platinum is tryng to settle above the resistance at $1620 – $1630.
In case this attempt is successful, platinum will move towards the next resistance level at $1735 – $1745.
Gold Price Forecast
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