Gold, Silver, Platinum Forecasts – Gold Stays Above $2500 As Traders Wait For Catalysts

Gold

Gold made an attempt to settle back below the $2500 level amid profit-taking, but quickly moved back as demand for precious metals remained strong.

From the technical point of view, gold needs to settle above the resistance at $2520 – $2530 to gain additional upside momentum.

Silver

Silver gained some ground as gold/silver ratio pulled back towards the 85.00 level.

In case silver manages to climb above the $30.00 level, it will move towards the nearest resistance at $31.40 – $31.75.

Platinum

Platinum moved higher as traders shrugged off worries about China’s economic problems and focused on falling Treasury yields.

A successful test of 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.