Gold, Silver, Platinum Forecasts – Gold Rebounds Towards The $2500 Level

Gold

Gold is trying to settle back above the $2500 level as traders react to the weaker-than-expected U.S. job market data.

A move above $2500 will push gold towards the nearest resistance at $2520 – $2530.

Silver

Silver gains ground as gold/silver ratio pulled back below the 88.50 level.

In case silver stays above the $28.00 level, it will head towards the resistance, which is located in the $28.75 – $29.00 range.

Platinum

Platinum remains under pressure amid worries about China’s economic problems. Falling Treasury yields and U.S. dollar’s pullback did not provide support to platinum markets.

A move below the support at $980 – $900 will provide platinum with an opportunity to gain additional downside momentum.

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