Gold, Silver, Platinum Price Predictions: Gold Rallies After China Stimulus Announcement
Gold Prices Surge
Gold has recently tested new highs as China’s central bank lowered its reserve requirement ratio to stimulate the economy. If gold can manage to settle above $2650, it is expected to rally toward $2700. However, the RSI indicates a potential risk of a pullback.
Silver's Ascendancy
Silver is also testing new highs, buoyed by expectations that China’s stimulus will increase demand. A successful settlement above $31.45 to $31.75 could lead prices toward the next resistance levels in the $34.00 to $34.25 range.
Platinum's Gains
As precious metals rally, platinum is gaining ground as well. A breakthrough at the resistance level between $975 and $985 could pave the way for prices to reach $1020 to $1030.
Market Overview
For a detailed look at the economic implications of these trends, ensure to follow our economic events calendar for updates and insights.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.