Precious metals enjoy strong gains this week. Platinum is one of the top movers. It is trading at a 10-week high and has already gained around 10% this week. Weakening of the US dollar is one of the factors helping precious metals catch a bid. Following a rally, platinum has reach an important resistance in the $875 area.
Platinum has bounced more than 50% off the early-March low. Precious metals is attempting to break above the key resistance zone from the weekly time frame ($875). Source: xStaiton5
Daily Summary: US Indexes Slip Slightly as Year Comes to a Close
BREAKING: Mixed Signal from the U.S.: Crude Down, Gasoline and Distillates Up
US natural gas retreats 4% as mild weather weighs on final session in 2025
⏬Platinum sheds 7.5%