Gold, Silver, Platinum Forecasts – Gold Gains Ground As U.S. Dollar Moves Lower

Gold

Gold gained some ground as traders reacted to U.S. dollar’s strong pullback, which was triggered by U.S. economic reports.

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

Silver

Silver attempts to settle below the $30.00 level as gold/silver ratio climbed above the 87.50 level.

In case silver declines below $30.00, it will head towards the support level, which is located in the $28.75 – $29.00 range.

Platinum

Platinum is mostly flat as traders ignore U.S. dollar’s pullback. Falling Treasury yields did not provide support to platinum in today’s trading session.

A move below the $925 level will push platinum towards the next support at $895 – $905.

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