铂金期货触及一年高点后趋于缓和

Platinum futures (XPTUSD:CUR) eased on Thursday after a five-day winning streak, as a stronger U.S. dollar made Greenback-priced commodities more expensive for buyers holding other currencies.

Spot platinum (XPTUSD:CUR) fell -1.46% to $1,064.10 an ounce by 11:31 am ET, after hitting a one-year high earlier in the session.

The metal has broken its year-long range above $1,015, as investors respond to an improved technical outlook and the prospect of a rising supply deficit this year and the next, Saxo Bank's Ole Hansen said.

The World Platinum Investment Council in its latest report forecast the global platinum market supply deficit to deepen to 476koz in 2024 from previous expectations of 418koz amid strained mine supply and stable automotive demand.

Platinum has been in a downtrend for the past three years, and following a potential consolidation period, the next major level of resistance is not before the 2023 highs around $1,130 per ounce, Hansen added.

On the contrary, consultancy Metals Focus said on Monday, average prices for platinum, palladium and rhodium are expected to fall this year compared with 2023 despite another year of structural deficit for all the three metals of the group.

"Demand for the PGMs from the auto sector rose last year as the 2021-2022 chip crisis had run its course, but the pace of BEVs penetration remained the main challenge for the PGMs demand," as per the report. 

Platinum prices have risen about 10% so far in 2024.

ETFs: (PALL), (PPLT), (SPPP)