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News
Platinum price rises over 5% as strong technical momentum drives renewed buying
2+ hour, 17+ min ago (379+ words) Traders Union Platinum price rises over 5% as strong technical momentum drives renewed buying Platinum (XPT) surged 5.04% today, driven by strong technical momentum and renewed buying pressure in the absence of fresh news catalysts. The advance is supported by the price…...
Platinum price drops over 3% after buyers defend support near $1,580, but bears dominate
1+ week, 4+ day ago (414+ words) Traders Union Platinum price drops over 3% after buyers defend support near $1,580, but bears dominate Platinum (XPT) dropped 3.08% as persistent selling pressure and a bearish technical setup pushed the price sharply lower, even as renewed demand was seen at lower levels…...
Palladium price plunges over 5% as persistent market pressures outweigh demand support
2+ week, 4+ day ago (397+ words) Traders Union Palladium price plunges over 5% as persistent market pressures outweigh demand support Palladium (XPD) plunged 5.16% as persistent market pressures outweighed recent signs of industrial demand support. The sharp decline looks limited by price action near its 20-day moving average…...
Plasma price prediction: $0.0777 support in view as XPL loses 9.79%
1+ mon, 2+ week ago (221+ words) Traders Union Plasma price prediction: $0.0777 support in view as XPL loses 9.79% Plasma (XPL) is trading at $0.0857 after dropping 9.79% over the last 24 hours. The asset remains below its key moving averages on all major timeframes. - XPL/USD remains under key moving…...
Tracy Shuchart: Chinese refiner reports strong platinum demand from new contract
2+ mon, 3+ week ago (342+ words) Traders Union Tracy Shuchart: Chinese refiner reports strong platinum demand from new contract Tracy Shuchart, independent trader and strategist at Independent / Trader, reports that a major Chinese metals refiner is experiencing robust demand for platinum due to a new local…...
Mantle rises with price staying near top of recent range: weekly analysis
2+ mon, 3+ week ago (309+ words) Traders Union Mantle rises with price staying near top of recent range: weekly analysis Mantle MNT $0.6842 Mantle Change (24h) 0.28% Market Cap. $2.25B Volume (24h) $42.43M View More is currently trading at $0.6836, registering an increase of $0.0544 (8.71%) over the past week. The asset remains below both…...
Platinum price stays above $1,900 as bond yields pull back
4+ mon, 1+ week ago (521+ words) Platinum traded around $1,940 on Wednesday, March 25, after climbing back above $1,900 in a session that felt more like relief than conviction. The metal recovered part of this week’s damage as U.S. Treasury yields eased and the dollar lost some momentum,…...
Platinum price holds near $1,960 while oil shock keeps pressure on metals
4+ mon, 2+ week ago (503+ words) Platinum (XPT/USD) traded near $1,960 this Friday, March 20, after sliding earlier in the session. The market tone remained cautious because of higher oil prices, firmer Treasury yields and a restrictive U.S. rate backdrop keeping upward trends weak even as buyers…...
Platinum retreats on firm dollar, eyes key support at $2,030
4+ mon, 2+ week ago (427+ words) Platinum (XPT/USD) traded downward this Thursday, with the metal giving back recent gains as traders took into consideration the monetary policy signals and broader risk sentiments all over the markets. Benchmarks showed platinum around $2,060 per ounce during the session,…...
Selling pressure pushes platinum price lower in today's trading
4+ mon, 2+ week ago (336+ words) Traders Union Platinum (XPT) is currently trading at $2,017.84, reflecting a decline of $109.72 or 5.16% for the day. The price is positioned below both the SMA-20 ($2,170.08) and SMA-50 ($2,167.03), while remaining well above the SMA-200 ($1,859.55). This places platinum under short- and medium-term selling…...