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Gold, Silver, Platinum Forecasts – Gold Pulls Back From Record Highs
Gold: chart Gold is losing ground as traders take profits after the strong rally. U.S. dollar tested multi-month highs today. Typically, strong dollar is bearish for gold, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions. In case gold settles back below the $2350 level, it will head towards the nearest support, which is located in the $2295 – $2305 range. Silver: chart Silver has also moved lower after testing new highs. Gold/silver ratio rebounded towards the 83.50 level, which was bearish for silver. A move below the nearest support at ... (full story)