Platinum is the outperformer of recent days – Commerzbank
|However, Platinum has recorded by far the strongest gains in recent days: since the beginning of last week, the price has risen by around $200 or around 16%, Commerzbank's commodity analyst Barbara Lambrecht notes.
Trend is not yet apparent
"For the first time since April 2013, a troy ounce of Platinum now costs more than $1,600. The extent of the price increase undoubtedly gives cause for skepticism, but Platinum is still very cheap compared to Gold in historical terms. This may have sparked buying interest."
"The first significant inflows were also recorded in the Platinum ETFs tracked by Bloomberg over the last five trading days. However, holdings remain low, and a trend is not (yet) apparent."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.