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Gold, Silver, Platinum Forecasts – Gold Pulls Back As Demand For Safe-Haven Assets Declines
Gold: chart Gold is losing ground as demand for safe-haven assets declines. Traders focus on the strong rally in U.S. equity markets and are less interested in buying gold. If gold declines below the support at $2015 – $2025, it will move towards the next support level at $2065 – $2075. Silver: chart Silver is trying to settle below the $22.25 level as gold/silver ratio moved above the 91.00 level. Rising gold/silver ratio remains the key negative catalyst for silver. In case silver settles below $22.25, it will move towards the next support level, which is located in the $21.50 – $21.70 range. Platinum: ... (full story)