First Trust Ise Global Platinum Index Fund ETF News

Gold prices edged up on Thursday buoyed by persistent inflation concerns, with further gains in bullion clipped by expectations that the Federal Reserve may hasten its monetary tightening to tame rising prices. Spot gold rose 0.1% to $1,789.90 per ounce by 1119 GMT, recovering some ground after slipping to its lowest since Nov. 4 on Wednesday. US gold futures gained 0.4% to $1,791.20. Trading is likely to be thinned by the US Thanksgiving holiday. "Gold still has some recovery potential on anticipation of high inflation figures. But essentially, with the Fed pursuing the ongoing tapering, that should push up real rates at a later stage," keeping prices volatile, said UBS analyst Giovanni Staunovo. Although bullion is considered a hedge against rising inflation, interest rate hikes tend to push government bond yields up and thereby raise the opportunity cost of holding gold. A growing number of Fed policymakers indicated they would be open to speeding up the elimination of their bond-buying program if high inflation held and move more quickly to raise interest rates, minutes of the central bank''s last policy meeting showed.

The global economy continues to recover with the IMF projecting a growth rate of 5.9% in 2021, with platinum poised to benefit as a result. The post What will affect 2021 and 2022 platinum stock demands? appeared first on Miningreview.com .

Platinum: Good News On The Horizon

Both platinum and palladium had strong performances in 2020 and will continue to trend upward this year, said Sprott portfolio manager Shree Kargutkar on the latest episode of Sprott Gold Radio. COVID

Even the experts are starting to understand that there is inflation. It's been apparent for months.

Last week was marked by the bitcoin rally, some Reddit bets and uptrend in some cyclical sectors.

Platinum-related exchange traded funds glimmered Wednesday as the precious metal rose to a 6-year high on economic recovery hopes that bolstered bets of industrial autocatalyst demand, along with expe

William Rhind, the founder and CEO of GraniteShares, talks the sharp moves higher in silver and silver ETFs and whether a short squeeze could work with CNBC's Bob Pisani.

Gold prices peaked in August at more than $2,000 an ounce and have since lost momentum and erased around four months' worth of gains. Platinum on the other hand is up 14% in November and some are wond

The three platinum ETFs that trade in the U.S. are PLTM, PPLT, and PGM.

PLTM enjoyed some upward pressure in the week to October 27, boosted by buying pressure from money managers (144 koz) and ETF investors (30 koz). Global positioning in the platinum market has become e

PLTM has experienced a consolidation since last summer performed the weakest, alongside its complex. In addition to negative fundamental dynamics, platinum is undermined by deteriorating sentiment amo