Categories
Aureus News

LBMA Trade Data Weekly Change – 9 Aug 2021

The recent boost in OTC trading seems to have been preceded by one of the steepest price drops seen across the precious metals market this year. With the spread of the delta-variant denting the outlook of more industrial precious metals and indications that the Federal Reserves may taper their stimulus support, we’ve seen a week of declining prices and investment demand within OTC trading. This was especially felt within the #platinum market which dropped to its yearly low at the same time as experiencing a ▼-14% in spot trading and a ▲150% options trading. #preciousmetals