Gold, Silver, Platinum Forecasts – Gold Is Flat As Traders Ignore Rising Treasury Yields
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Gold
Gold is mostly flat as traders ignore rising Treasury yields and focus on geopolitical developments.
From the technical point of view, gold remains stuck below the key resistance at $2675 – $2685.
Silver
Silver is moving higher as gold/silver ratio pulled back below the 83.00 level. Gold/silver ratio is moving towards multi-week lows, which is bullish for silver.
If silver stays above the $31.75 level, it will head towards the resistance at $34.00 – $34.25.
Platinum
Platinum did not manage to stay above the psychologically important $1000 level and pulled back.
If platinum settles below the support at $975 – $985, it will head towards the next support level at $935 – $940.
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