Commodities
Platinum Price Bounces on Dollar Weakness, But Breakout Remains Elusive
Platinum has rebounded to around $1,770 due to a weaker US dollar and lower expectations for another Federal Reserve rate hike.
The short-term outlook remains uncertain as weak industrial and auto demand in China may limit further gains.
To strengthen the bullish case, platinum must break above $1,900, which could target the $2,200 region.
Ratios against gold (XAU) and silver (XAG) suggest that platinum may continue to underperform both metals.