While Platinum is on a 7 day bullish trend, Today's session might suggest a slow down — the Platinum future trades at $945.4 per troy ounce, after ending yesterday at $945.5.
United States Core PCE Price Index (MoM) (Jan) is next today at 13:30 UTC.
This uncertain state for CME Platinum is reflected by published market data as highly important Crude Oil Inventories data from United States beat analyst expectations of 2 million with a reading of 7.65 million. Following a previous reading of 3.2, GDP in United States released yesterday at 13:30 UTC fell short of the 2.9 figure expected by analysts with an actual reading of 2.7. Highly important Initial Jobless Claims data from United States beat analyst expectations of 200,000 with a reading of 192,000.
Meanwhile, mixed performances are seen in other Metals as having closed the previous session at $1,818, Gold is up 0.71% today to currently trade at around $1,831.
Furthermore, the market is looking at United States Core PCE Price Index (MoM) (Jan) is expected today at 13:30 UTC. United States New Home Sales (Jan) scheduled to come out today at 15:00 UTC.
The commodity has been trending lower for about a month. So far this year, the Platinum future has declined 13.53% while touching highs around $1,168.8 earlier this year.