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Gold, Silver, Platinum Forecasts – Gold Pulls Back Amid Profit-Taking
Gold: chart Gold pulls back as traders take some profits off the table. U.S. dollar’s rebound served as a negative catalyst for gold markets today. In case gold manages to settle back below the $2065 level, it will head towards the support at $2015 – $2025. Silver: chart Silver is also losing ground as traders focus on U.S. dollar’s strength. Rising Treasury yields put additional pressure on silver markets. A move below the $24.00 level will push silver towards the support at $23.40 – $23.60. Platinum: chart Platinum tests new highs as the rally continues. It should be noted that platinum is gaining ... (full story)