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Platinum Futures Is 2% Down In The Last 5 Sessions

ViaNews Editorial Team

August 30, 2024

Platinum Futures Is 2% Down In The Last 5 Sessions
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(VIANEWS) - Platinum (PL) has been up by 2.52% for the last 5 sessions. At 23:50 EST on Thursday, 29 August, Platinum (PL) is $943.30.

Volume

Today's last reported volume for Platinum is 1145, 99.99% below its average volume of 6979404726.54.

Volatility

Platinum's last week, last month's, and last quarter's current intraday variation average was 1.69%, 0.91%, and 1.29%, respectively.

Platinum's highest amplitude of average volatility was 2.12% (last week), 1.19% (last month), and 1.29% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Platinum's commodity is considered to be oversold (<=20).

News about

  • According to FXStreet on Wednesday, 28 August, "West Texas Intermediate (WTI), the US Crude Oil benchmark, is trading down by almost one and a half percent to just above $74.00 on Wednesday. ", "A slowdown in the Chinese economy, the largest importer of Crude Oil in the world, is reducing demand whilst structural changes and the replacement of gasoline-fueled cars with electric vehicles, as well as a general shift towards a greater reliance on green energy, is further taking its toll."

More news about Platinum (PL).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.