Gold, Silver, Platinum Forecasts – Gold Rallied Above $2840

Gold

Gold tests historic highs as the strong rally continues. Traders focus on trade wars and bet that central banks will keep increasing their gold holdings amid geopolitical uncertainty.

A move above the $2850 level will open the way to the test of the $2900 level.

Silver

Silver tests new highs as gold/silver ratio declined below the 88.50 level. In case gold/silver ratio settles below the 50 MA at 88.06, silver will get more support.

In case silver stays above the $32.00 level, it will head towards the next resistance at $32.75 – $33.00.

Platinum

Platinum rebounds after the strong sell-off as traders buy the dip. The sell-off in palladium markets did not put pressure on platinum in today’s trading session.

In case platinum settles back above the $1000 level, it will move towards the resistance level at $1025 – $1030.

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