Gold, Silver, Platinum Forecasts – Gold Pulled Back Below $2900

NEW YORK (March 10) Gold is losing ground despite falling Treasury yields. Traders take profits and wait for additional positive catalysts.

If gold declines below the support at $2870 – $2880, it will move towards the next support level at $2780 – $2790.

Silver is losing ground as gold/silver ratio climbed back above the 90 level. In case gold/silver ratio moves towards recent highs at 92, silver will find itself under more pressure.

A move below the $32.00 level will push silver towards the nearest support level at $31.45 – $31.75.

Platinum is moving lower amid broad pullback in precious metals markets. Trade wars serve as an additional bearish catalyst for platinum.

In case platinum manages to settle below the $960 level, it will move towards the support level at $935 – $940.

FXEmpire