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Gold, Silver, Platinum Forecasts – Gold Rebounds Despite Rising Treasury Yields
Gold: chart Gold gains ground despite rising Treasury yields and stronger dollar. Demand for gold stays strong as traders bet that central banks will keep buying gold for reserves. If gold settles above the nearest resistance at $2350 – $2360, it will head towards the $2400 level. Silver: chart Silver climbed back above the $28.00 level as gold/silver ratio remained stuck below 84. In case silver manages to settle above $28.00, it will move towards the next resistance, which is located in the $28.70 – $28.90 range. Platinum: chart Platinum rebounded after yesterday’s pullback. Currently, platinum is ... (full story)