After four days of going down, CME Platinum is up $2.7 yesterday

Published: May 27 2023, 04:21 GMT+0

After four days of going down, CME Platinum is up $2.7 yesterday

Yesterday at a glance: Platinum closed at $1,029 per troy ounce yesterday after ranging between $1,024.6 and $1,040.

On the flip side, data from United States concerning Core Durable Goods Orders was released yesterday at 12:30 UTC. Newly published figures emphasized continued decline from last month's figure of 0.3% to -0.2% this month.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions came out at 193,100.

This rally in the Platinum future's price coincides with other Metals as Copper went up by 2.33% yesterday, and closed at $3.67. Silver went up by 2.34% yesterday, and closed at $23.45.

Having soared to a high of $1,141.5 approximately a month ago, Platinum is now trading 10.09% lower.

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