Gold, Silver, and Platinum Forecasts: Market Pressures and Trends
Gold Forecasts Under Pressure
Gold is currently experiencing pressure as i traders take profits near historic highs. The recent rebound of the U.S. dollar has emerged as a negative catalyst for gold markets. Should gold settle below the $2475 level, it will likely head towards the nearest support at $2445 – $2450.
Silver Forecasts Facing Headwinds
Silver is moving lower as i traders concentrate on the significant pullback in gold markets. The gold/silver ratio has climbed towards 85.50, indicating bearish sentiments for silver. A drop below the support at $28.75 – $29.00 could lead silver towards the next support level at $27.20 – $27.50.
Platinum Markets Stagnant
Platinum is losing ground alongside a broad pullback in precious metals. The technical outlook remains unchanged, as platinum is stuck between the support at $935 – $940 and resistance at $975 – $985.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.