A slow down? After three days of going up, CME Platinum is flat today, hovering around $1,046.

Published: January 26 2023, 04:56 GMT+0

A slow down? After three days of going up, CME Platinum is flat today, hovering around $1,046.

Platinum trades at $1,046 per troy ounce, after ending yesterday at $1,046.

Uncertainty around Platinum is reflected by published market data as following a previous reading of 8.41 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the 971,000 figure expected by analysts with an actual reading of 533,000. United States 5-Year Note Auction released yesterday at 18:00 UTC with a figure of 3.53, while the previous figure was 3.973. United States Cushing Crude Oil Inventories released yesterday at 15:30 UTC with a figure of 4.27 million, while the previous figure was 3.65 million.

Meanwhile, mixed performances are seen in other Metals as Gold goes up 0.3% to trade around $1,948.4. Having closed the previous session at $1,688, Palladium is up 0.89% today to currently trade at around $1,703.

Data to be released later is expected to clarify investor sentiment while boosting price action volatility as United States Core Durable Goods Orders projected to come out at -0.2% — worse than previous data of 0.1%; data will be released today at 13:30 UTC. United States Pending Home Sales is projected to outperform its last figure with -0.9%, having previously been at -4%. The figure will be published tomorrow at 15:00 UTC. United States Core PCE Price Index (MoM) (Dec) is expected tomorrow at 13:30 UTC.

Having set a significant low of $805.5 4 months ago, CME Platinum is trading 29.87% higher.

Back