Gold 
“After rising along with gold earlier in September and the first half of October, platinum prices were dragged lower alongside gold prices during the second half of October. Despite the pullback in platinum prices, the metal still is trading at its highest levels since 2013. This highlights the generally favorable investor sentiment toward the entire precious metals complex at this time.
Much of the gains in platinum prices can be attributed to investor demand for the metal, with a lot of the buying apparently in futures, forwards, ETFs and options rather than over the counter bullion. A combination of strong gold prices, the start of a seasonally strong period for prices, and concerns over the supply side of the market are all factors that are expected to remain supportive of platinum prices in the next few months. Platinum prices are expected to move in a sideways fashion, with support for prices at $1,480 and resistance at $1,610.”
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.
