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Gold, Silver, Platinum Forecasts – Gold Retreats As Treasury Yields Rise
Gold: chart Gold is losing ground as traders focus on rising Treasury yields. U.S. dollar’s pullback did not provide any support to gold markets today. From the technical point of view, gold needs to stay above the $2015 – $2025 level to have a chance to gain sustainable upside momentum in the near term. Silver: chart Silver is under strong pressure as gold/silver ratio climbed back above the psychologically important 90 level. A move below the support at $22.25 – $22.50 will open the way to the test of the support at $21.55 – $21.75. Platinum: chart Platinum is losing ground amid a broad pullback in ... (full story)