The price of gold soared to reach new highs as traders diverted attention from the U.S. dollar’s decline. Support from decreasing Treasury yields also boosted the gold market’s momentum. The next obstacle for gold is anticipated in the range between $2520 and $2530, with a potential breakthrough leading it to the $2550 mark. Meanwhile, silver experienced a setback as the gold/silver ratio surpassed the 85 threshold, prompting traders to secure profits post a strong comeback from August’s lows. If silver surpasses the $30.00 level, it is likely to target resistance at $31.40 to $31.75. On the other hand, platinum faced a decline triggered by concerns regarding China’s economic condition, as palladium markets followed suit, signaling a bearish trend for platinum. Should platinum fall below the support at $935 to $940, the next support level is predicted at $880 to $890. Check our economic calendar for updates on today’s economic developments.