Gold 
“Platinum prices traded mostly sideways through November, fluctuating between $1,500 and $1,600. A sharp breakout in gold and silver on the final trading day of November helped lift platinum as well, with the metal closing the month at $1,685 after touching an intraday high of $1,695.90. Prices continued to strengthen on 1 December, reaching $1,736, before losing momentum and stabilizing around $1,650 at elevated levels.
Platinum continues to take its cues from gold and silver, both of which have been moving sideways after the surge on 1 December. CPM Group expects platinum prices to trade sideways to higher in the coming months, reflecting seasonal strength and a generally constructive precious metals backdrop. Historically, December–February tends to be one of platinum’s stronger seasonal windows, driven by automotive industry restocking and favorable investor flows.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
