Gold Rebounds Above $2350 As Dollar Pulls Back

NEW YORK (June 3) Gold is moving higher as traders focus on the strong pullback in Treasury yields. U.S. dollar is losing ground against a broad basket of currencies, providing additional support to gold markets.

In case gold settles back above the $2350 level, it will head towards the nearest resistance at $2390 – $2400.

Silver

Silver 030624 Daily Chart

Silver rebounds from session lows, supported by weaker dollar and falling Treasury yields.

A move above the resistance at $30.90 – $31.20 will provide silver with an opportunity to gain additional upside momentum.

Platinum

Platinum 030624 Daily Chart

Platinum tests support at $1010 – $1020 amid demand worries. U.S. dollar’s pullback did not provide support to platinum markets.

If platinum settles below $1010, it will head towards the next support at $975 – $985.

FXEmpire