Gold, Silver, Platinum Forecasts – Gold Is Flat As Retailers Ignore Rising Treasury Yields…
Key Factors:
- Gold settled close to the $2650 degree as merchants remained targeted on rising tensions within the Center East.
- Silver gained floor as gold/silver ratio declined under the 83 degree.
- Platinum pulled again under the $1000 degree.
Gold
Gold 031024 Each day ChartGold is generally flat as merchants ignore rising Treasury yields and give attention to geopolitical developments.
From the technical viewpoint, gold stays caught under the important thing resistance at $2675 – $2685.
Silver
Silver 031024 Each day ChartSilver is shifting larger as gold/silver ratio pulled again under the 83.00 degree. Gold/silver ratio is shifting in the direction of multi-week lows, which is bullish for silver.
If silver stays above the $31.75 degree, it is going to head in the direction of the resistance at $34.00 – $34.25.
Platinum
Platinum 031024 Each day ChartPlatinum didn’t handle to remain above the psychologically vital $1000 degree and pulled again.
If platinum settles under the help at $975 – $985, it is going to head in the direction of the subsequent help degree at $935 – $940.
Leave a Reply
Want to join the discussion?Feel free to contribute!