Gold, Silver, Platinum Forecasts – Gold Gains Ground Amid Rising Geopolitical Tensions

Gold

Gold continues to rebound as traders focus on rising geopolitical tensions. The pullback in Treasury yields provided additional support to gold markets.

If gold settles above the $2650 level, it will move towards the next resistance level at $2675 – $2685.

Silver

Silver is mostly flat as gold/silver ratio rebounded above the 84.00 level. RSI is in the moderate territory, and there is enough room to gain momentum in the near term.

A successful test of the resistance at $31.45 – $31.75 will push silver towards the next resistance level at $34.00 – $34.25.

Platinum

Platinum gains ground as traders focus on the strong rally in palladium markets, which are up by 3%.

A move above the resistance at $975 – $985 will push platinum towards the next resistance level at $1020 – $1030.

For a look at all of today’s economic events, check out our economic calendar.