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

Published: May 27 2023, 00:10 GMT+0

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

Yesterday at a glance: having ended a bullish session yesterday at $1,029 per troy ounce, momentum helped Platinum finish the day $2.7 or 0.27% higher, although mixed sentiments ensured the Platinum future etched out a distinct $1,024.6 to $1,040 session range.

On the flip side, highly important Core Durable Goods Orders data from United States beat analyst expectations of 0% with a reading of -0.2%.

Meanwhile, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

This rally in Platinum's price coincides with other Metals as Copper added 2.33% and closed around $3.59 yesterday. Silver jumps 2.34% yesterday and closed at $22.91.

CME Platinum has fallen back around 10.09% over the past a month, from a notable high of $1,141.5.

Back