(VIANEWS) – Platinum (PL) has been up by 3.35% for the last 5 sessions. At 11:51 EST on Tuesday, 6 June, Platinum (PL) is $1,039.20.
Subdued outlook for palladium, platinum with more upside potential – commerzbank
We are confirming our forecast for the Platinum price at the end of 2023 at $1,150, but have raised our forecast for the end of 2024 to $1,300 (previously $1,250)., In contrast to Palladium, structural supply deficits are looming for Platinum in the coming years.
Volume
Today’s last reported volume for Platinum is 12247, 99.99% below its average volume of 10229063986.8.
Volatility
Platinum’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.54%, a negative 0.40%, and a positive 1.45%, respectively.
Platinum’s highest amplitude of average volatility was 0.90% (last week), 1.15% (last month), and 1.45% (last quarter), respectively.
News about
- According to FXStreet on Monday, 5 June, "In addition to the pre-data/event caution, firmer prices of Canada’s main export item Crude Oil and the upbeat US Dollar also challenge the pair’s latest moves."
- According to FXStreet on Tuesday, 6 June, "Failure to provide a daily closing beyond the 50-day Exponential Moving Average (EMA), around $73.50 by the press time, directs WTI Crude Oil bears toward the $70.00 round figure."
More news about Platinum (PL).
