{"id":156996,"date":"2023-09-16T09:01:25","date_gmt":"2023-09-16T03:31:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=156996"},"modified":"2023-09-16T09:01:25","modified_gmt":"2023-09-16T03:31:25","slug":"platinum-prices-to-bottom-out-near-900-anz-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/platinum-prices-to-bottom-out-near-900-anz-crypto-news\/","title":{"rendered":"Platinum prices to bottom out near $900 \u2013 ANZ &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<p>The Platinum price fell to $900 amid increased headwinds. Strategists at ANZ Bank analyze the precious metal\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>.<\/p>\n<h2 class=\"fxs_headline_medium\">Platinum is the least expensive of the precious metals<\/h2>\n<blockquote>\n<p>Disappointing auto sales in China added to weak market sentiment, but we believe this price is inconsistent with underlying fundamentals.<\/p>\n<\/blockquote>\n<blockquote>\n<p>A challenging supply backdrop, heavy platinum loadings, substitution away from Palladium and increasing use of hydrogen fuel are all long-term supports for Platinum. Further, prices have fallen to near cost-of-production, which could disincentivise already challenged producers. We therefore expect Platinum to find its floor near the current level.<\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The Platinum price fell to $900 amid increased headwinds. Strategists at ANZ Bank analyze the precious metal\u2019s outlook. Platinum is the least expensive of the precious metals Disappointing auto sales in China added to weak market sentiment, but we believe this price is inconsistent with underlying fundamentals. A challenging supply backdrop, heavy platinum loadings, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,255,250,350,252,9043,247,253,249,256,254],"class_list":["post-156996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-metals","tag-oracle","tag-palladium","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=156996"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156996\/revisions"}],"predecessor-version":[{"id":156997,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/156996\/revisions\/156997"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4978"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=156996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=156996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=156996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}