News
Platinum price stays above $1,900 as bond yields pull back
1+ week, 2+ day ago (521+ words) Platinum traded around $1,940 on Wednesday, March 25, after climbing back above $1,900 in a session that felt more like relief than conviction. The metal recovered part of this week's damage as U.S. Treasury yields eased and the dollar lost some momentum, giving battered…...
Platinum price holds near $1,960 while oil shock keeps pressure on metals
2+ week, 20+ hour ago (503+ words) Platinum (XPT/USD) traded near $1,960 this Friday, March 20, after sliding earlier in the session. The market tone remained cautious because of higher oil prices, firmer Treasury yields and a restrictive U.S. rate backdrop keeping upward trends weak even as buyers reappeared…...
Platinum retreats on firm dollar, eyes key support at $2,030
2+ week, 2+ day ago (427+ words) Platinum (XPT/USD) traded downward this Thursday, with the metal giving back recent gains as traders took into consideration the monetary policy signals and broader risk sentiments all over the markets. Benchmarks showed platinum around $2,060 per ounce during the session,…...
Selling pressure pushes platinum price lower in today's trading
2+ week, 2+ day ago (336+ words) Selling pressure pushes platinum price lower in today's trading'Traders Union Platinum (XPT) is currently trading at $2,017.84, reflecting a decline of $109.72 or 5.16% for the day. The price is positioned below both the SMA-20 ($2,170.08) and SMA-50 ($2,167.03), while remaining well above the SMA…...
Platinum price firms near $2,130 as rebound extends before Fed decision
2+ week, 3+ day ago (399+ words) Platinum traded around $2,130 on Tuesday, March 17. During the day XPT was trading near $2,128 to $2,134 during the U.S. session day, leaving the metal market modestly higher on the day and further away from the recent test of the $2,000 chart level. XPT has…...
Why is platinum price down today?
3+ week, 21+ hour ago (357+ words) Parshwa is a content expert and finance professional possessing deep knowledge of stock and options trading, technical and fundamental analysis, and equity research. As a Chartered Accountant Finalist, Parshwa also has expertise in Forex, crypto trading, and personal taxation. His…...
Platinum price eases toward $2,050 as higher crude supports dollar strength
3+ week, 20+ hour ago (399+ words) Platinum (XPT/USD) fell again on Friday, March 13, with spot prices dropping below $2,050 as the latest oil shock kept pressure on the broader metals complex through a firmer dollar and elevated Treasury yields. The move continued the recent pullback from…...
Platinum price climbs toward $2,200 as crude selloff lifts metals
3+ week, 3+ day ago (460+ words) Platinum (XPT/USD) moved higher on Tuesday, March 10, with spot prices trading near $2,220 after a sharp reversal in oil took some of the pressure off the broader metals space. The move came as crude fell back from Monday's spike, the…...
Platinum price retreats toward $2,115 as oil shock lifts dollar and yields
3+ week, 4+ day ago (627+ words) Ezequiel Gomes joined Traders Union as an author in 2024. He began his professional career in 2017, covering Bitcoin, cryptocurrencies, and financial brokers. Ezequiel has built a solid reputation for analyzing and reporting on the latest trends and innovations in the crypto…...
Platinum price slips to $2,130 as dollar strength stalls rally
4+ week, 1+ day ago (380+ words) Platinum (XPT/USD) went down this Thursday, March 5, giving back part of Wednesday's rebound as the metal traded near $2,130. It struggled to hold gains above $2,200 in a firmer dollar and higher yield backdrop. Platinum opened around $2,163, climbed toward $2,227, then slid…...