Gold, Silver, Platinum Forecasts – Gold Pulls Back Despite Falling Treasury Yields

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Gold

Gold pulls back as traders continue to evaluate the recent Fed decision and comments from Fed Chair Powell.

In case gold settles below the support at $2295 – $2305, it will move towards the next support level at $2190 – $2200.

Silver

Silver rebounded from session lows as gold/silver ratio pulled back towards the 86.50 level.

If silver climbs back above the $27.00 level, it will head towards the nearest resistance at $27.75 – $28.00.

Platinum

Platinum is mostly flat as traders wait for additional catalysts. U.S. dollar’s pullback and falling Treasury yields provided some support to platinum markets.

A move above the $960 level will open the way to the test of the nearest resistance at $975 – $985.

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

This article was originally posted on FX Empire

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