Gold 
“Platinum prices rose over the course of October. Platinum prices reached the upper limit of the $800 to $965 range that prices have been in since the middle of June 2022, at the end of October. Prices rose strongly alongside other precious metals during the first few trading sessions of November, with prices reaching an intraday high of $1,024.70 on 9 November, its highest level since 6 June 2022.
Seasonal strength could help platinum prices in the near term, as could mine supply trends from South Africa and the United States. These supply concerns are already factored into prices to a large extent, however. Platinum prices are expected to face ongoing headwinds from soft commercial vehicle demand, ongoing reductions in diesel passenger vehicle market share, renewed concerns of Covid related lockdowns in China, and an overall slowdown in global economic growth.
The Euro 7 emissions standards were released on 10 November and they were more stringent than most were hoping for. This will be positive for PGM prices and future PGM fabrication demand. The standards will go into effect only later this decade so there will be no immediate impact on fabrication demand nonetheless, markets are always trying to price in the future as a result this development will be positive for platinum prices in the near term.
Platinum prices have some initial resistance at $1,050 with the potential to rise toward $1,100 over the next few months. On the downside, platinum prices have support $925.”
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