Fresh from the Trading Room: Pass the baton
The opinions expressed in this report are those of Inspirante Trading Solutions Pte Ltd (“ITS”) and are considered market commentary. They are not intended to act as investment recommendations. Full disclaimers are available at the end of this report.
Executive Summary
In the latest report, Inspirante Trading Solutions zooms in on platinum, an often-overlooked precious metal, exploring price catalyst within the macro backdrop and through technical analysis to uncover potential opportunities.
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Upcoming economic events (Singapore Local Time):
Investors will focus on the interest rate decisions of the major central banks over the next two weeks.
Markets in focus
Figure 1: Platinum vs. Gold vs. Silver
Since the beginning of 2023, both gold and silver have experienced substantial price increases. In contrast, platinum has remained stagnant, significantly lagging behind.
Figure 2: Platinum / Gold ratio (Weekly)
The platinum-to-gold price ratio is currently at a historical low. The last time the ratio reached this level was during the pandemic selloff, after which platinum outperformed gold, leading to a rapid rebound in late 2020.
Figure 3: Platinum Futures (Monthly)
