Markets

Morning Platinum Market Report

Platinum prices have now fallen over $45 an ounce from this week's highs. However, platinum may be seeing a slight tempering of inflation expectations and may also have been presented with sagging global demand views from the news of recent monetary tightening in China and India. There are expectations that platinum will benefit from much better than expected US domestic auto sales figures yesterday, especially since that news came after a stronger than expected US Factory Orders number. Euro zone Retail Sales during March were down 1.0%, which was lower than projections and may lead to larger investment platinum demand from the Euro zone during the next few months.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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