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Gold, Silver, Platinum Forecasts – Gold Tests New Highs Amid Rising Geopolitical Tensions
Gold: chart Gold moved above the $1950 level as traders focused on rising demand for safe-haven assets. In case gold stays above the $1950 level, it will head towards the resistance at $1975 – $1985. Silver: chart Silver tested new highs as the strong rebound continued. The challenging situation in the Middle East provides support to precious metals as traders search for safe-haven assets. RSI remains in the moderate territory, so there is enough room to gain additional downside momentum in case the right catalysts emerge. Platinum: chart Platinum pulled back as Treasury yields continued to move higher. ... (full story)