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Gold Attempts To Rebound As US Dollar Pulls Back
Gold is trying to climb back above the $3350 level. Silver gained ground as gold/silver ratio declined towards the 88.00 level. Platinum made an attempt to settle above the $1350 level. Gold stabilized after yesterday’s sell-off. Interestingly, dollar’s pullback did not provide material support to gold markets. In case gold settles below the $3350 level, it will move towards the support at $3275 – $3285. Silver rebounded towards the $38.00 level as gold/silver ratio pulled back towards 88.00. A move above $38.00 will push silver towards recent highs near the $38.50 level. Platinum tests resistance at $1345 – ... (full story)
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