Gold, Silver, Platinum Forecasts – Gold Gains Some Ground As Treasury Yields Pull Back

Gold

Gold is moving towards the resistance at $2520 – $2530 as traders focus on the pullback in Treasury yields.

In case gold climbs above the $2530 level, it will gain strong upside momentum and test new highs.

Silver

Silver is losing ground as gold/silver ratio climbed back above the 88.50 level. From a big picture point of view, traders wait for additional catalysts.

If silver pulls back below the $28.00 level, it will head towards the nearest support at $27.20 – $27.50.

Platinum

Platinum made an attempt to settle above the resistance at $935 – $940 despite worries about China’s economic problems.

If platinum settles above the $940 level, it will move towards the resistance at $975 – $985.

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