LIVE MARKET ALERT Platinum prices strengthened during the latest intraday session, advancing to 2,645.5 per ounce and marking a gain of 5.19%. The move reflects continued buying interest in the precious metals segment, where investor sentiment favors assets linked to industrial and automotive demand. Market participants note that price momentum has been supported by a shift toward higher physical demand and steady speculative inflows.
Intraday activity remains elevated as traders position ahead of key supply and demand updates from mining and manufacturing sectors. Technical indicators show platinum consolidating above recent support levels, with trading volumes suggesting a potential continuation of bullish sentiment if current market dynamics persist.
Key Drivers:
• Sustained investor demand across both industrial and precious metals channels.
• Improved risk tolerance and technical upside momentum among short-term traders.
This report is for informational purposes only and does not constitute financial advice. Market prices are volatile and subject to change without notice.
Platinum Prices Extend Gains in Active Intraday Trade
"Platinum rose 5.19% to $2,645.5/oz on strong industrial and automotive demand, steady speculative inflows, and bullish technical momentum ahead of key supply-demand updates."
Intraday activity remains elevated as traders position ahead of key supply and demand updates from mining and manufacturing sectors. Technical indicators show platinum consolidating above recent support levels, with trading volumes suggesting a potential continuation of bullish sentiment if current market dynamics persist.
Key Drivers:
• Sustained investor demand across both industrial and precious metals channels.
• Improved risk tolerance and technical upside momentum among short-term traders.
This report is for informational purposes only and does not constitute financial advice. Market prices are volatile and subject to change without notice.