{"id":41553,"date":"2021-02-16T13:32:12","date_gmt":"2021-02-16T09:32:12","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=41553"},"modified":"2021-02-16T13:32:15","modified_gmt":"2021-02-16T09:32:15","slug":"platinum-breathtaking-after-reaching-its-highest-level-in-six-and-a-half-years","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/platinum-breathtaking-after-reaching-its-highest-level-in-six-and-a-half-years\/02\/16\/market-updates\/","title":{"rendered":"Platinum Breathtaking After Reaching Its Highest Level in Six and a Half Years"},"content":{"rendered":"\n<p>Platinum retreated from its highest level in nearly six and a half years, as prices reached a technical resistance level, but expectations that the global economic recovery would fuel demand kept the metal used to stimulate the auto sector supported above $ 1,300 an ounce.<\/p>\n\n\n\n<p>Platinum, which is used in automotive catalytic converters, rose 0.7% to $ 1,312.34 an ounce but fell from a session high of $1,336.50, its best level since September 2014.<\/p>\n\n\n\n<p>Analysts say prices will continue to be supported by supply disruptions in South Africa, a recovery in car sales and tighter emissions regulations.<\/p>\n\n\n\n<p>As for the other precious metals, palladium rose 0.4% to $ 2,396.72, after earlier hitting a month high of $ 2,424.26.<\/p>\n\n\n\n<p>Spot gold rose 0.3% to $ 1822.97 an ounce, as the dollar fell against its rivals.<\/p>\n\n\n\n<p>US gold futures settled at $ 1822.60, while silver gained 0.3% to $ 27.66.<\/p>\n\n\n\n<p>The yellow metal&#8217;s gains curbed the rise in US Treasury yields to their highest levels since March.<\/p>\n\n\n\n<p>The minutes of the US Federal Reserve meeting on monetary policy are due to be published on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Platinum retreated from its highest level in nearly six and a half years, as prices reached a technical resistance level, but expectations that the global economic recovery would fuel demand kept the metal used to stimulate the auto sector supported above $ 1,300 an ounce. Platinum, which is used in automotive catalytic converters, rose 0.7% &hellip;<\/p>\n","protected":false},"author":9,"featured_media":30911,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[7315],"class_list":["post-41553","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-platinum"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=41553"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41553\/revisions"}],"predecessor-version":[{"id":41554,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/41553\/revisions\/41554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/30911"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=41553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=41553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=41553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}