(VIANEWS) – Platinum (PL) has been up by 9.37% for the last 10 sessions. At 08:52 EST on Monday, 16 September, Platinum (PL) is $994.70.
Volume
Today’s last reported volume for Platinum is 11393, 99.99% below its average volume of 7068720787.06.
Volatility
Platinum’s last week, last month’s, and last quarter’s current intraday variation average was 1.69%, 0.91%, and 1.29%, respectively.
Platinum’s highest amplitude of average volatility was 2.12% (last week), 1.19% (last month), and 1.29% (last quarter), respectively.
Commodity Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Platinum’s commodity is considered to be oversold (<=20).
News about
- According to FXStreet on Monday, 16 September, "This comes on top of a downward revision of demand growth forecasts by the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) and prompts fresh selling around Crude Oil prices. "
- According to FXStreet on Monday, 16 September, "The downside, however, seems cushioned in the wake of weaker Crude Oil prices, which tends to undermine the commodity-linked Loonie.", "This, in turn, fails to assist Crude Oil prices to capitalize on last week’s recovery from the lowest level since May 2023. "
- Crude oil dips after soft Chinese data adds more downside pressure. According to FXStreet on Monday, 16 September, "Traders would stem a bigger rate cut as supportive of growth and demand, supporting Crude Oil prices.", "A bigger-than-expected rate cut could see Crude Oil rally in the assumption that demand would pick up and lower rates would unfreeze shelved projects and investments that demand Oil to be developed."
More news about Platinum (PL).
