Platinum and palladium have managed to
buck the downward trend that has permeated the precious complex as a
significant portion of the Asian market remains on holiday for the
Chinese New Year. Platinum closed Monday’s rather quiet session
below the psychological level of $1700 but has since found some bargain
hunting support that has pushed the white metal to $1707 at the moment.
Palladium is up $10 from yesterday’s close and now trades at $769. The
rest of the complex seems to have stopped
the hemorrhaging for now, perhaps supported by reports of North Korean
chest thumping. The super secretive nation is said to have detonated a
nuclear device yesterday. Nothing noteworthy on the economic data front
for today. Have a great day!
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