Gold Gains Ground Amid Rising Demand For Precious Metals

NEW YORK (July 31) Gold rebounded towards the $1970 level as traders focused on the pullback in Treasury yields.

In case gold manages to settle above the resistance in the $1975 – $1985 range, it will move towards the next resistance area, which is located at $2015 – $2025.

Silver gained strong upside momentum amid a broad rally in precious metals markets.

The nearest resistance for silver is located in the $25.10 – $25.30 range. A move above $25.30 will push silver towards the next resistance at $25.90 – $26.10.

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