Source: ForexYard
Platinum Reaches 5 month High
I always go on about Gold and Silver but never give enough respect to Platinum.
Currently rising to a 5 month high due to strikes in South Africa’s’ Rustenburg Mine, which happens to be the world’s largest Platinum mine.
The strike is set to go on for another week, and we cannot rule out the prospect of other workers striking in the surrounding South African mines.
Due to its solid upward performance over the months, Platinum has now closed the gap on its rival Gold.
Below you will find the Platinum Daily Chart:
As you can see, the thick yellow trend line indicates the solid uptrend over the months.
As long as the strikes continue , platinum may remain on the up.
Forex Market Analysis provided by ForexYard.
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