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

Published: May 27 2023, 09:00 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.

Nevertheless, Core Durable Goods Orders in United States fell short of market expectations (0%) with a reading of -0.2%, continuing the decline from the previous figure of 0.3%.

At the same time, 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 Platinum's price coincides with other Metals as Copper went up by 2.33% yesterday, and closed at $3.67. Silver is trading around $23.45 after ending yesterday's session at $22.91 (up 2.34% today).

Over the past a month, Platinum has retreated 10.09% from a noteworthy peak of $1,141.5.

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