Platinum Rises on Safe-Haven Demand
Platinum climbed above $1,580 per ounce, approaching three-week highs as mounting US economic concerns and expectations of further Federal Reserve rate cuts lifted safe-haven demand for precious metals. Data last week showed US job losses in October, particularly in government and retail sectors, while consumer sentiment fell to a 3½-year low in early November. Traders are pricing in about a 64% chance of a 25-basis-point Fed cut in December, with Fed Governor Stephen Miran advocating a larger half-point reduction amid falling inflation and rising unemployment. Platinum has surged over 70% year-to-date, outperforming gold, supported by tight supply and robust industrial demand. Meanwhile, China approved registration for platinum and palladium futures and options, taking a key step toward launching derivatives trading for the metals used by automakers and other industries.

الربح
الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.
ابدأ البيع من خلال تقديم الخدمات





