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Reuters reported the price of platinum, mostly used as an autocatalyst to clean auto emissions, has soared 11 percent in the last eight sessions.
Reuters reported the price of platinum, mostly used as an autocatalyst to clean auto emissions, has soared 11 percent in the last eight sessions.
As quoted in the market news:
The metal’s relative strength index (RSI) rose above 80 on Wednesday to its most overbought level since early 2008.
Spot platinum rose 2.8 percent to $1,644.74 an ounce by 2:10 p.m. EDT (1810 GMT), its biggest one-day percentage gain since Aug. 16. Wednesday’s high of $1,654.49 marked its best level in five months.