Gold, Silver, Platinum Forecasts: Future Path for Precious Metals
Gold Outlook
Gold remains a point of interest, having attempted to settle below $2500 due to profit-taking activities. However, the strong demand for precious metals has pushed it back up. From a technical perspective, gold must settle above the resistance at $2520 - $2530 for additional momentum.
Silver Insights
Silver has gained some ground, reacting to a pullback in the gold/silver ratio towards 85.00. If silver can climb above the $30.00 level, it will likely approach the nearest resistance points at $31.40 - $31.75.
Platinum Performance
Platinum has shown resilience, as traders focus on falling Treasury yields rather than China’s economic concerns. A successful test of the resistance at $975 - $985 could lead platinum toward its next resistance level of $1020 - $1030.
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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.