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Gold, Silver, Platinum Forecasts – Gold Pulls Back Towards $3300 As Demand For Safe-Haven Assets Declines
Gold: chart Gold is losing ground as demand for safe-haven assets declined after the U.S. announced a trade deal with the UK. A move below the $3300 level will push gold towards the next support, which is located in the $3235 – $3245 range. Silver: chart Silver is mostly flat as gold/silver ratio pulled back below the 102.00. Traders hope that the U.S. will soon announce trade deals with other nations, boosting industrial demand for silver. From the technical point of view, silver needs to settle above the resistance at $33.00 – $33.20 to gain sustainable upside momentum in the near term. Platinum: chart ... (full story)
