Fundamental platinum price forecast for today
Slow movements of platinum can be deceiving
Platinum quite quickly reached the first of the targets set in the previous platinum price forecast at $940 per ounce. But, next, the price rolled back a little, as traders were concerned the upward movements of the precious metal sector led by gold were too strong. The XPT/USD bulls were encouraged by several growth drivers in July. They were the weakness of the US dollar, low real yields of the global bond market, and the hopes for a soon rebound of the euro-area economy. Many of those factors still work.
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