Platinum trades over 10% higher this week and has broken above the $1,250 handle today. Precious metal benefits from USD weakening this week and an improved outlook for the global economy as US stimulus draws near and Powell said that rates will remain at low levels. Platinum is quickly approaching resistance zone at $1,285, marked by a peak from the early-2015. Should the price break above it, the major next resistance to watch can be found at $1,515. In case we see a pullback, a major support zone can be found at $1,190.
Source: xStation5
Daily summary: Weak US data drags markets down, precious metals under pressure again!
NATGAS slides 6% on shifting weather forecasts
The Week Ahead
Three markets to watch next week (09.02.2026)
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
