Platinum's possible breakout
Platinum could break out from the descending channel in the next few days after the previous downward breakout was rejected with a strong short-term bounce. The main narrative driving metals including platinum is the Fed's decreased hawkishness amid lower inflation from the USA, but weaker demand from China due to lukewarm economic conditions is a negative factor. The key release in focus for traders this week is the FOMC's minutes on Tuesday night GMT.
Read EXNESS Broker Review November 22, 2023 at 05:08PM Exness
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