platinum
Platinum price has been in a strong uptrend this year, joining other industrial metals like copper and zinc. It has also joined other precious metals like silver and gold, which have been in a strong bull run. It soared to a high of $1,095 on Monday, its highest level since March 11th. Platinum has also outperformed palladium, which has risen by just 20% from its lowest point in 2023. Demand and supply mismatchPlatinum has done well this year, helped by strong demand and slow supply growth. A recent report by the World Platinum Council showed that automotive demand for platinum surged to its h...
Invezz
The prices of precious metals saw an uptick on Wednesday as investors responded to the latest inflation figures from the United States. The annual inflation rate in April slowed to 3.4%, slightly below analysts’ expectations and down from March’s 3.5%. This cooling of inflation has led traders to speculate that the Federal Reserve’s cycle of monetary policy tightening may be drawing to a close. Gold and Silver jumpGold prices rose by 0.64%, reaching $2,372.77 per ounce at 9:09 am ET. Silver experienced a more significant surge, climbing 1.89% to sell at $29.16 per ounce at the same time. These...
Invezz
Precious metals are metals that are scarce and possess high economic value. Such metals are useful as a store of value and play an important role in industrial processes as well. Some of the most popular precious metals are gold, platinum and silver. Precious metals are popular among investors as well. Investors can add such metals to their portfolio through a variety of ways, such as holding metals physically, investing in mutual and exchange-traded funds focused on precious metals, buying futures contracts for a particular metal or buying shares of public companies engaged in the exploration...
ValueWalk
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