S Physical Platinum ETF News

A break above $1,107 would see platinum establishing an important base. The precious metal would then mark a change of trend higher towards the $1,340

NEW YORK , Feb. 18, 2022 /PRNewswire-PRWeb/ -- Throughout history, tokens of love have been gifted to symbolize commitment and commemorate unions. The presentation of an engagement ring and wedding band embodies this promise and tradition as wearable art—an everyday emblem as enduring as the foundation it represents…a covenant of a couple''s dedication to one another. In celebration of a new year and new beginnings, world-renowned bridal atelier Simon Ardem launches a capsule collection of classic engagement and wedding ring styles, infusing the warmth of rose gold layering and pink accents, alongside traditional all platinum and diamond designs. Inspired by the romance of Venice , where Simon Ardem co-founders Ardem and Cynthia Aslanian married nineteen years ago, the collection celebrates their love of the city, and the beauty it emanates. Ardem Aslanian , Co-Founder of Simon Ardem and President of the Armenian Jeweler''s Association, says, " Venice stands out as one of the most unique places in Italy , not just for the canals it''s famous for, but for its rich history in the arts.

(Kitco News) - New momentum in the gold market as prices push to $1,900 is raising the profile of all precious metals, with platinum and palladium both seeing strong moves outperforming the sector.

I guess that markets will definitely not lack volatility over the next few days.

Platinum price succeeded to take advantage of the positive factors by forming new bullish wave to …

Silver and platinum advanced, while palladium declined.

Gold prices climbed to an eight-month high on Tuesday, as heightened tensions between Russia and the West over Ukraine prompted investors to shun riskier assets and opt for safe-haven bullion. Spot gold was up 0.3% at $1,876.71 per ounce, as of 0350 GMT, after hitting its highest level since June 11 at $1,878.88 earlier in the day. US gold futures rose 0.5% to $1,879.00. Due to the Ukraine crisis, gold is supported through the inflation channel because of higher crude oil prices and through the risk aversion channel because of lower stocks, said Stephen Innes, managing partner at SPI Asset Management. Spot gold may rise into $1,872-$1,879 range "If we lose that Ukraine impulse, then gold comes off quite quickly," Innes said. Asian shares dropped as investors contemplated the implications of a potential imminent Russian invasion of Ukraine. "The (gold) market seems to be ignoring major central banks right now because investors are lost in the fog of war and it becomes very difficult to have a salient macro or fundamental view in this type of market where you really have to just go trade on a hair trigger," Innes said.

Gold prices were stuck in a tight range on Thursday as investors awaited US inflation data that could offer fresh clues about the pace of the Federal Reserve''s monetary policy tightening. Spot gold rose 0.1% to $1,833.99 per ounce by 0424 GMT, trading close to Wednesday''s high of $1,835.60. US gold futures fell 0.1% to $1,835.40. Due out later in the day, the US consumer price index for January was expected to have risen 0.5%, culminating in an annual rise of 7.3%, which would be the largest such increase since 1982, according to a Reuters poll. A robust inflation reading is expected to burnish gold''s appeal as an inflation hedge, but interest rate hikes to contain pricing pressure would raise the opportunity cost of holding non-yielding bullion. "I think the dollar is going to weaken off despite yields going higher because every other central bank is raising interest rates to defend against inflation," said Stephen Innes, managing partner at SPI Asset Management. "If the Fed starts ramping up rates too quickly, it''s not good for the economy, especially with every other central bank doing the same thing in unison.

Dont compare these with returns from traditional investments since the proportion and purpose of alternative investments is vastly different.

Queen Elizabeth II reaches 70 years on the throne on Sunday (6 February) and hosted a reception at Sandringham House on the eve of her historic Accession Day. The monarch, who was just hours away from becoming the first British sovereign to reach a historic 70 years on the throne, joined members of the local community in the ballroom of the Norfolk estate to mark the milestone. At the event, the 95-year-old monarch cut an iced Victoria sponge cake decorated with the Jubilee emblem to begin her Platinum year.

Platinum has been a not-so-precious pig for years. A false breakout one year ago led to disappointment. Platinum offers an excellent value proposition.

XPO Logistics (XPO) has renewed its platinum partnership with Truckers Against Trafficking for 2022

By almost any standard the overall stock market is very expensive right now. But the economy looks like it can still grow in the first half of 2022, and potentially longer than that.

Kestra Advisory Services LLC purchased a new position in Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,625 shares of the companys stock, valued at approximately $237,000. A number of other large investors have also [] The post Kestra Advisory Services LLC Makes New $237,000 Investment in Aberdeen Standard Physical Platinum Shares ETF (NYSEARCA:PPLT) appeared first on ETF Daily News .

PPLT: Mixed Outlook