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Gold, Silver, Platinum Forecasts – Gold Remains Stuck Below The $2000 Level
Gold: chart Gold is mostly flat despite falling Treasury yields. Traders stay focused on yesterday’s inflation data and prepare for a more hawkish Fed. If gold settles below the $1990 level, it will head towards the support at $1965 – $1975. Silver: chart Silver rebounds as gold/silver ratio pulled back towards the 89 level. U.S. dollar’s pullback provided additional support to silver markets. A move above the $22.50 level will push silver towards the recent highs near the $23.00 level. Platinum: chart Platinum gained upside momentum as traders focused on the strong rally in palladium markets, which are ... (full story)