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Gold, Silver, Platinum Forecasts – Precious Metals Pull Back As US Dollar Rebounds
Gold: chart Gold pulls back as traders focus on U.S. dollar’s rebound. The continuation of the pullback in Treasury yields did not provide enough support to gold markets. If gold settles back below the $1940 level, it will head towards the nearest support, which is located in the $1900 – $1910 range. Silver: chart Silver is also moving lower as traders stay focused on stronger dollar, which is bearish for precious metals. The current pullback looks healthy after the strong rebound, and it remains to be seen whether silver will gain sustainable downside momentum in the near term. Platinum: chart Platinum is ... (full story)