Credit: Shutterstock photoThe platinum market continues to recover from last week's severe selloff that resulted in a high to low decline of $122 an ounce. Platinum appears for some traders to be receiving some carryover support from strength in thegold market as gold prices this morning are more than $33 an ounce above platinum prices. Chinese CPI during July was up 6.5% year-on-year, higher than expectations and may indicate that Chinese investment demand for platinum will remain at elevated levels through the rest of this year.
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.