Commodity Roundup: Platinum futures extend rally as gold gains amid Fed chair uncertainty
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 26 2025
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Source: SeekingAlpha
Platinum and Gold Market Trends: Platinum futures are rising due to a weaker US dollar, with analysts predicting a bullish outlook for platinum as investors shift focus from gold, which is nearing a resistance level of $3,450 per ounce. BMO Capital Markets forecasts platinum could reach $1,500 per ounce by year-end.
Political and Economic Context: President Trump has intensified criticism of Fed Chair Jerome Powell, suggesting potential replacements amid concerns over interest rates affecting government finances. The geopolitical landscape remains tense, particularly regarding the Israel-Iran conflict, impacting investor sentiment towards safe-haven assets like gold.
Analyst Views on GLD
Wall Street analysts forecast GLD stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLD is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 443.600
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Current: 443.600
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
