Gold, Silver, Platinum Forecast Insights Amid Geopolitical Tensions

Thursday, 10 October 2024, 11:06

Gold, silver, and platinum forecasts indicate significant movements in the precious metals market. Gold rebounds due to rising geopolitical tensions, while silver and platinum show positive trends. Investors should pay attention to these developments as they could influence market strategies.
Fxempire
Gold, Silver, Platinum Forecast Insights Amid Geopolitical Tensions

Gold Forecast Amid Geopolitical Tensions

Gold rebounded as geopolitical tensions escalate, with a current price movement approaching $2650. A significant breach above $2650 could lead to resistance testing between $2675 and $2685.

Silver Market Update

Silver prices are trending upward as the gold/silver ratio declines toward 84.50. Despite a stronger dollar, silver remains resilient with resistance levels between $31.45 and $31.75; a breakout above this level may push prices toward recent highs near $33.00.

Platinum Price Movements

Platinum has distanced itself from multi-month lows, benefiting from a general rebound in precious metals. If it can overcome resistance between $975 and $985, the next targets will rise accordingly.

Monitor Economic Events

For comprehensive details on today's economic events, refer to our economic calendar.


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.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe