-
Gold, Silver, Platinum Forecasts – Gold Tests $2300 As Dollar Rebounds
Gold: chart Gold is under pressure as traders focus on Fed’s federal funds rate projections. The central bank expects a single rate cut in 2024, which is bearish for gold markets. A successful test of the support at $2295 – $2305 will push gold towards the next support level at $2190 – $2200. Silver: chart Silver tests support at $28.75 – $29.00 as gold/silver ratio climbed back above the 79 level. A move below $28.75 will open the way to the test of the support level at $27.20 – $27.50. Platinum: chart Platinum tests new lows amid broad sell-off in precious metals markets. Falling Treasury yields do ... (full story)