Gold, Silver, Platinum Forecasts: Analyzing U.S. Inflation Data Impact
Gold Pulls Back Amidst Inflation Concerns
Gold made an attempt to settle above the resistance at $2520 – $2530 but lost momentum and pulled back. The technical outlook suggests that gold needs to settle above the $2530 level to gain sustainable upside momentum.
Silver Shows Resilience
Silver gains ground as the gold/silver ratio pulled back below 88.00. Despite the U.S. dollar rebounding from session lows, this move did not exert significant pressure on silver markets. A movement above the resistance at $28.75 – $29.00 will push silver towards the next resistance level at $31.45 – $31.75.
Platinum Aiming Higher
Platinum managed to climb above the resistance at $935 – $940 and is attempting to settle above $950. If successful, platinum will head towards the next resistance level, potentially finding its way into $975 – $985 range.
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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.