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Gold, Silver, Platinum Forecasts: Gold Gains Ground In Quiet Trading

Gold Price Forecast

Gold

Gold has gone up a bit recently because traders are waiting for something to happen that could affect its price. Even though the interest rates on government bonds are rising, which usually makes gold prices go down, this time it hasn’t had much of an effect on gold.

Looking at the overall situation, gold is still staying steady above a certain level where it tends to find support. That level is between $2295 and $2305.

Silver

Silver went up because the ratio of gold to silver decreased, getting closer to the $84.50 mark. Silver is aiming to test a level of resistance between $27.75 and $28.00.

If silver manages to go beyond $28.00, it will likely move towards the next level of resistance, which is between $28.75 and $29.00.

Platinum

Platinum bounced back from its lowest point during the trading session because traders saw the dip as a chance to buy more platinum.

If platinum manages to break through the resistance level between $975 and $985, it will probably move up to the next resistance range, which is between $1010 and $1020.

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