Gold, Silver, Platinum – Gold Stays Strong Despite Rising Treasury Yields

Key Insights

• Gold is trying to settle above the $1840 level as traders ignore rising Treasury yields. 
• Silver settled below the $21.00 level as gold/silver ratio tested new highs. 
• Platinum managed to settle above the 20 EMA.

Gold

Gold continues its attempts to settle above the $1840 level despite rising Treasury yields and stronger dollar. The yield of 10-year Treasuries managed to settle above the 4.05% level but gold traders ignored this move as demand for safe-haven assets increased.

Silver

Silver settled below the $21.00 level as gold/silver ratio tested new highs. Gold/silver ratio has been steadily moving higher since the beginning of the year and has already reached multi-month highs near the 88 level.

Platinum

Platinum settled above the 20 EMA and continues to move higher. The nearest material resistance level for platinum is located at the 50 EMA at the $980 level. A move above this level will open the way to the test of the resistance at $1000.

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