8:38 AM · 20 May 2020

BREAKING: Platinum surges to 10-week high!

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

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