Platinum play? Don't miss the latest Seasonal Insights with t | Forex Trading Experts 📊 HYCM

Platinum play?

Don't miss the latest Seasonal Insights with the Chief Market Analyst Kevin Murph

Platinum tends to see gains around the start of the year as industrial purchases are made for the year 2022. Yes, global growth concerns have been growing, but many company orders for 2023 would have already been made and that could mean platinum demand holds up even as global sentiment wobbles.

Platinum has a strong seasonal pattern. Over the last 25 years, platinum has gained 20 times between January 29 and February 19. The average return has been a strong 4.11% and the maximum gain was over 25% in 2008. The largest loss was a relatively mild 4.13% in 2006.

Does this make a platinum play worthwhile?

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