Platinum futures symbol PL closed at $928.80, marking the third consecutive gain this week. Institutional inflows are increasing amid macroeconomic uncertainty, making platinum an attractive hedge against currency volatility. If you're looking for evidence of the phenomenon in action look no further than the Erewhon craze sweeping TikTok. The L.A.-based luxury food market has more than 26,000 videos beneath its hashtag, many of which are taste testing the brand's viral smoothies which retail for up to $23 each. Taking a long position in Platinum, anticipating a breakout to the upside from the current channel. Managing the position with a tight stop loss. At $931.25, platinum futures symbol PL is testing multi-week highs. RSI indicators hover near overbought territory, suggesting possible short-term pullbacks, yet longer-term fundamentals remain intact due to supply bottlenecks.
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