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Gold, Silver, Platinum Forecasts – Gold Is Mostly Flat Despite Stronger US Dollar
Gold: chart Gold is mostly flat despite U.S. dollar’s rebound. Rising Treasury yields did not put material pressure on gold markets today. If gold declines below the nearest support at $2015 – $2025, it will move towards the next support level, which is located in the $1970 – $1980 range. Silver: chart Silver pulled back below the $23.00 level as gold/silver ratio rebounded above 88. Rising gold/silver ratio remains the key problem for silver bulls. From the technical point of view, silver settled in the range between the support at $22.50 and the resistance at $23.60. Platinum: chart Platinum tested new ... (full story)