Gold, Silver, Platinum Prices: Gold Remains Stuck Near $2035

NEW YORK (February 7) Gold is mostly flat amid a lack of catalysts. From a big picture point of view, the period of consolidation continues.

RSI is in the moderate territory, so there is plenty of room to gain additional momentum in case the right catalysts emerge.

Silver

Silver is losing ground as gold/silver ratio climbed above the 91 level. The bullish trend in gold/silver ratio serves as the key bearish catalyst for silver.

If silver settles below the $22.25 level, it will move towards the next support, which is located in the $21.50 – $21.65 range.

Platinum

Platinum  is under pressure as traders focus on the strong sell-off in palladium markets, which are down more than 5% in today’s trading session.

A successful test of the support at $880 – $890 will push platinum towards the next support level at $840 – $850.

FXEmpire