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Gold, Silver, Platinum Forecasts – Gold Pulls Back As US Dollar Tests New Highs
Gold: chart Gold is trying to settle below the support at $2015 – $2025 as U.S. dollar tests multi-month highs after the strong ISM Services PMI report. In case gold settles below the $2015 level, it will gain additional downside momentum and move towards the next support level at $1965 – $1975. Silver: chart Silver is losing ground as gold/silver ratio moved above the 90 level. The recent dynamics of gold/silver ratio indicate that demand for silver is falling. A move below the support at $22.25 – $22.50 will push silver towards the $21.50 – $21.65 area. Platinum: chart Platinum is trying to rebound ... (full story)