Platinum Starts the Week Shaky as Oil Shocks Upend Markets
Platinum experienced volatile trading as the week started and closed on Monday near the $2,150 price mark. The recent rebound of the precious metal is supporting its price, though further gains are being tempered by a spike in oil prices, a rebounding dollar and stronger yields on U.S. Treasuries. When the week started, platinum had the strength to build on its recent gains, but this strength lost steam as dip buyers showed muted activity that couldn’t lift the market any further. For now, traders are watching whether the metal holds its ground and doesn’t slip below $2,100. If it resists…