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Platinum rally lingers, jumps 3.5%
Platinum prices continued their upward trend for the eighth consecutive session on Wednesday, maintaining their peak level in more than four years. The surge was driven by projected supply constraints, enhanced industrial outlook, and momentum from the overall precious metals market gains. The upward trend reflects forecasts of a yearly supply shortfall. The World Platinum Investment Council (WPIC) anticipates a deficit approaching 1 million ounces this year, attributed to robust demand and limited production capacity. At 2:19 am ET, platinum was at $1,263.12, up 3.58% on the day. Gold traded 0.38% higher at ... (full story)
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From @FirstSquawk|Jun 11, 2025The EU sees reaching an agreement on the principles of a deal by July 9 as a best-case scenario EU Plans To Extend US Trade Discussions Beyond Trump's July Deadline . The European Union is looking to prolong trade negotiations with the United States, aiming to reach…
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- Jun 11, 2025 1:58am Posted byFundamental Analysis232
- From bls.gov|Jun 11, 2025|54 comments