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Gold, Silver, Platinum Forecasts – Dollar’s Pullback Provides Support To Precious Metals
Gold: chart Gold gains ground as U.S. dollar retreats after the disappointing U.S. GDP Growth Rate report. If gold climbs above the $2050 level, it will head towards the resistance at $2065 – $2075. Silver: chart Silver tested new highs as gold/silver ratio remained stuck below the 84.00 level. In case silver manages to settle above today’s highs at $24.49, it will move towards the resistance at $25.00 – $25.30. Platinum: chart Platinum moved higher amid rising demand for precious metals. Palladium prices were up by 1.3% today, providing additonal support to platinum. From the technical point of view, ... (full story)