Will Platinum Prices Fall Through the Summer?
Will Platinum Prices Fall Through the Summer?
Platinum prices tend to gain around the start of the year on industrial demand purchases that take place at the start of the year. However, platinum has a weak seasonal period in the summer that is also pronounced.
Over the last 15 years, platinum has fallen nearly 75% of the time with average falls of 5.86% between August 6 and October 5. The largest fall was in 2008 when platinum fell 38.73%. Will platinum see a summer of weakness again this year?
Major Trade Risks: Previous seasonal patterns do not necessarily repeat themselves each year.
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