Platinum is the outperformer of recent days – Commerzbank
Source Fxstreet
However, Platinum has recorded by far the strongest gains in recent days: since the beginning of last week, the price has risen by around $200 or around 16%, Commerzbank's commodity analyst Barbara Lambrecht notes.
Trend is not yet apparent
"For the first time since April 2013, a troy ounce of Platinum now costs more than $1,600. The extent of the price increase undoubtedly gives cause for skepticism, but Platinum is still very cheap compared to Gold in historical terms. This may have sparked buying interest."
"The first significant inflows were also recorded in the Platinum ETFs tracked by Bloomberg over the last five trading days. However, holdings remain low, and a trend is not (yet) apparent."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
US spot Bitcoin ETF buyers are essentially the very investors expected to provide a stable, long-term bid for the pioneer crypto. However, data shows that these players are now sitting on mounting unr
Gold prices rebounded Wednesday, climbing 0.9% to $4,995.60 an ounce as geopolitical tensions between the U.S. and Iran heightened demand for safe-haven assets, despite recent market volatility.
MicroStrategy is under renewed market pressure after Bitcoin slid to $60,000, pushing the company’s vast crypto treasury deeper below its average acquisition cost and reigniting concerns about balance
Bitcoin has entered a critical phase after its recent correction dragged the price toward the $70,000 level. Viewed through a macro lens, this move has exposed BTC to elevated downside risk. Several o
Lyn Alden says the Federal Reserve is likely entering a gradual phase of money printing rather than aggressive stimulus.
Related Instrument
