{"id":148939,"date":"2019-06-04T10:45:56","date_gmt":"2019-06-04T14:45:56","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=148939"},"modified":"2019-06-04T06:10:00","modified_gmt":"2019-06-04T10:10:00","slug":"xptusd-platinum-analysis-precious-metals-continue-to-rise-in-price","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/xptusd-platinum-analysis-precious-metals-continue-to-rise-in-price\/","title":{"rendered":"XPTUSD Platinum Analysis: Precious metals continue to rise in price"},"content":{"rendered":"
June 4, 2019<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Precious metals continue to rise in price<\/strong><\/p>\n

The GFMS agency notes that global demand for platinum increased by 2% last year. Will the XPTUSD quotations <\/a> increase?<\/p><\/blockquote>\n

In 2018, the demand for platinum in the global glass industry grew by 37%, in the electronics industry – by 17% and in the chemical industry – by 18%. In total, industrial use accounts for 70% of global platinum demand. In particular, it is used in the creation of high-quality optics, special glasses and fiberglass. Currently, all precious metals, including platinum, are becoming more expensive. Investors see them as defensive assets amid intensified global trade wars and plans for the US Federal Reserve to lower the rate.<\/p>\n

\"XPTUSD\"<\/p>\n

On the daily timeframe XPTUSD: D1<\/b> exceeded the resistance line of the downward trend. Various technical analysis indicators have generated an uptrend signal. Further growth of quotations is possible in case of an increase in demand for precious metals.<\/p>\n