Gold
Gold gained some ground as traders reacted to the pullback in Treasury yields and focused on weaker dollar.
The technical picture remains unchanged as gold needs to settle above the resistance at $4640 – $4650 to gain additional upside momentum.
Silver
Silver rallied above the $90.00 level amid signs of severe deficit. Gold/silver ratio pulled back below 51, a level that was last seen back in 2012.
A move above the resistance at $91.50 – $92.00 will push silver towards the $95.00 level.
Platinum
Platinum moved higher amid rising demand for precious metals. Traders focused on the strong rally in silver markets.
In case platinum settles above $2450, it will move towards the resistance at $2510 – $2530.
Gold Price Forecast
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