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Gold, Silver, Platinum Forecasts – Gold Climbs Above $2350 Amid Rising Demand For Precious Metals
Gold: chart Gold markets gain ground despite stronger dollar and rising Treasury yields. Demand for precious metals is strong amid rising geopolitical tensions. In case gold stays above the $2350 level, it will head towards the resistance at $2390 – $2400. Silver: chart Silver rallies as gold/silver ratio pulled back towards the 76.50 level. If gold/silver ratio declines below the support at 75.75, silver markets will gain additional upside momentum. From the technical point of view, a move above the resistance at $30.90 – $31.20 will open the way to the test of the next resistance at $32.25 – $32.50. ... (full story)