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Gold, Silver, Platinum Forecasts – Gold Tests New Highs As Dollar Remains Under Pressure
Gold: chart Gold continues to move higher as traders focus on U.S. dollar’s pullback, which is driven by the disappointing economic data from the U.S. In case gold stays above the $1940 level, it will head towards the next resistance, which is located in the $1975 – $1985 range. Silver: chart Silver tested new highs as the rally continued. Treasury yields moved lower, providing additional support to silver. A successful test of the resistance at $25.00 – $25.25 will open the way to the test of the next resistance, which is located in the $25.90 – $26.15 range. Platinum: chart Platinum pulls back as ... (full story)