Explore the latest platinum price insights for Davanagere. As of now, platinum trades at
₹0 per 10g, ₹0 per 100g, and ₹0 per kg. In
June, prices shifted significantly. For 100g, the max was
₹5,95,300, and the min was ₹0. The
1kg rate fluctuated between ₹0 and
₹59,53,000.
Platinum pricing depends on mining output, worldwide demand, and political factors.
Heavy industrial use, particularly in automotive and electronic sectors, creates
significant market pull. Exchange rate shifts—most notably the US dollar—along with
inflation and central bank policies, directly affect the metal’s financial performance.
The silver market rallied a bit during the early part of the trading session on Thursday as the interest rate market has pulled back just a touch in the United States.
Rates dropping of course does help silver but all things being equal this is a market that will continue to see a lot of back-and-forth behavior, and I also recognize that this is a market that is bouncing around between the $70 level underneath and the $80 level above.
It’s worth noting that the 50-day EMA is also sitting right at the $77.25 level offering a little bit of a short-term barrier as well. That being said one of the biggest problems that the silver market will have is that the bond market will probably be very quiet as well mainly due to the fact that we have the jobs number in America coming out on Friday.
Bond Market Awaits Jobs Numbers
That should continue to be a major issue, and I think all things being equal we probably are waiting to see how the bond market reacts to the jobs numbers because of course it will have such a major influence on a non-yielding asset such as silver.
Ultimately this is a market that I think will continue to be noisy but if we can break out of this $10 range it opens up the possibility of a move to the $90 level or possibly the $60 level based on a breakout. As things stand right now though we’re just held hostage by the bond market which of course continues to watch the Middle East and tomorrow we’ll be watching jobs.
Christopher Lewis is a technical analyst and market commentator at DailyForex with more than two decades of trading experience in Forex and other leveraged markets. Based in Columbus, Ohio, he specializes in chart-based analysis of major currency pairs, stock indices, commodities, and energy markets, focusing on clear support and resistance levels, trend structure, and risk management. Christopher produces daily written and video analysis for traders who rely on technical setups to navigate volatile market conditions
As seen on:Pairs Of Aces Podcast,The Trader Guy, FXEmpire
Brent crude oil price remains in a narrow range this week as investors watch the new developments in the ongoing US-Iran crisis. It was trading at $95.40 today, June 5, after Hezbollah rejected the new ceasefire agreement between Israel and Lebanon.
Odds of new fighting rise as Hezbollah rejects ceasefire
Brent and the West Texas Intermediate have barely moved this week as investors assessed the current phase of the US-Iran crisis and the dwindling US Strategic Reserves.
Odds of a quick deal between the two sides have now dropped substantially this week as ceasefire talks stalled. Worse, the recent ray of hope between Israel and Lebanon found a major roadblock after Hezbollah rejected the ceasefire.
Hezbollah argued that the ceasefire was not in Lebanon’s interest and amounted to surrender. This means that the fighting between Hezbollah and Israel will continue in the foreseeable future, something that Israel wants.
The challenge, however, is that Iran has insisted that any deal with the US will be contigent on the developments in Lebanon.
Therefore, there is a real risk that the US and Iran will restart their bombing campaigns. Just this week, Iran launched a barrage of missiles towards Kuwait in response to US attacks on its targets.
A renewed phase of fighting would be risky for the world economy, as it would push crude oil prices much higher than where they are today. Besides, data show that US oil inventories have continued falling, while drawdowns from the Strategic Petroleum Reserves (SPR) have accelerated and moved to the lowest level in years. If this trend continues, chances are that these reserves wil run out in months.
US driving season is underway
At the same time, the US is now in its driving season,where petroleum demand is usually at its highest. As a result, some top officials and experts warn of an impending danger in the world’s oil market if the Strait of Hormuz continues its closure for longer.
Before the war, 20.3 million barrels of oil used to pass through the Strait of Hormuz each day. This figure has now been reduced to near zero by Iran’s closure and the US blockade.
The world has found some extra oil, with Saudi Arabia boosting its pipeline exports, surging to 7 million barrels per day. Oil exports from the US and other countries like Canada has soared. This, however, has not been enough to offset the losses from the Strait.
Brent crude oil price technical analysis
Brent crude oil price chart | Source: TradingView
The daily chart reveals that Brent crude oil price has been sending mixed signals in the past few weeks. On the one hand, it has moved below the 50-day Exponential Moving Average (EMA), a sign that bears remain in control.
Brent has also formed a double-top pattern, a common bearish reversal sign in technical analysis. If this happens, Brent may drop to the key support level at $60.
On the other hand, Brent has formed an island reversal pattern, which happens after a big down gap. If this happens, the price may rebound and move above the key resistance level at $100. Such a move may also push it to $110 and above.
The EURJPY pair began this morning with new positive trading, attempting to settle above 186.00, to increase the efficiency of the previously suggested trend, while gathering extra positive momentum makes us expect its rally towards 186.65 level, attempting to resume the bullish trend, reaching the next main target near 187.35.
The failure of confirming the breach will increase the chances of forming temporary corrective waves, to attempt to reach 185.40, to test the main support at 184.80 before any attempt to record the previously suggested targets.
The expected trading range for today is between 185.50 and 186.60
Copper price neediness to the positive momentum led it to form more correction waves, to move away from $6.6600, to keep providing weak sideways trading by its stability near $6.3500 level.
The sideways trading might continue with potential test to the initial support at $6.1000, which forms confirmation key for the suggested trend in the near period, breaking the support and holding below it will push the price to resume the corrective attempts, which might target $5.8200 reaching $5.5000.
The expected trading range for today is between $6.1000 and $6.5100
2026.06.05 2026.06.05 XAU/USD: Elliott Wave Analysis and Forecast for 05.06.26–12.06.26
Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/
The article covers the following subjects:
Major Takeaways
Main scenario: Consider long positions from corrections above 4,372.95 with a target of 5,610.00–6,000.00. A buy signal: the price holds above 4,372.95. Stop Loss: below 4,300.00, Take Profit: 5,610.00–6,000.00.
Alternative scenario: Breakout and consolidation below 4,372.95 will allow the asset to continue declining to the levels of 4,075.30–3,718.62. A sell signal: the level of 4,372.95 is broken to the downside. Stop Loss: above 4,450.00, Take Profit: 4,075.30–3,718.62.
Main Scenario
Consider long positions from corrections above 4,372.95 with a target of 5,610.00–6,000.00.
Alternative Scenario
Breakout and consolidation below 4,372.95 will allow the asset to continue declining to the levels of 4,075.30–3,718.62.
Analysis
An ascending fifth wave of larger degree 5 is presumably developing on the weekly chart, with wave (3) of 5 forming as its part. The third wave of smaller degree 3 of (3) appears to continue forming on the daily chart, with wave v of 3 developing as its part. The H4 time frame shows that a local correction (ii) of v has been completed, and wave (iii) of v has presumably started unfolding. If the presumption is correct, XAU/USD will continue to rise to 5,610.00–6,000.00. The level of 4,372.95 is critical in this scenario as a breakout below it will enable the asset to continue declining to the levels of 4,075.30–3,718.62.
This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
Price chart of XAUUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.
According to copyright law, this article is considered intellectual property, which includes a prohibition on copying and distributing it without consent.
Copper price neediness to the positive momentum led it to form more correction waves, to move away from $6.6600, to keep providing weak sideways trading by its stability near $6.3500 level.
The sideways trading might continue with potential test to the initial support at $6.1000, which forms confirmation key for the suggested trend in the near period, breaking the support and holding below it will push the price to resume the corrective attempts, which might target $5.8200 reaching $5.5000.
The expected trading range for today is between $6.1000 and $6.5100
Silver price (XAG/USD) is down 2% to near $72.40 during the Asian trading session on Friday. The white metal faces intense selling pressure as Federal Open Market Committee (FOMC) members have warned of high inflation pressures, and have guided that the choice is between holding interest rates at their current levels or raising them.
Theoretically, high Federal Reserve (Fed) interest rates bode poorly for non-yielding assets, such as Silver.
Meanwhile, investors await the US Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT. The US NFP report is expected to show that the economy created 85K fresh jobs, lower than 115K in April. The Unemployment Rate is seen steady at 4.3%. Average Hourly Earnings, a key measure of wage growth, is estimated to have cooled down to 3.4% Year-on-Year (YoY) from the previous reading of 3.6%.
Signs of strong job demand would force traders to raise hawkish Fed bets for the year; however, soft numbers would have a little impact on Fed market expectations as officials seem to be more concerned about high inflation.
Economic Indicator
Nonfarm Payrolls
The Nonfarm Payrolls release presents the number of new jobs created in the US during the previous month in all non-agricultural businesses; it is released by the US Bureau of Labor Statistics (BLS). The monthly changes in payrolls can be extremely volatile. The number is also subject to strong reviews, which can also trigger volatility in the Forex board. Generally speaking, a high reading is seen as bullish for the US Dollar (USD), while a low reading is seen as bearish, although previous months’ reviews and the Unemployment Rate are as relevant as the headline figure. The market’s reaction, therefore, depends on how the market assesses all the data contained in the BLS report as a whole.
Brent crude oil price remains in a narrow range this week as investors watch the new developments in the ongoing US-Iran crisis. It was trading at $95.40 today, June 5, after Hezbollah rejected the new ceasefire agreement between Israel and Lebanon.
Odds of new fighting rise as Hezbollah rejects ceasefire
Brent and the West Texas Intermediate have barely moved this week as investors assessed the current phase of the US-Iran crisis and the dwindling US Strategic Reserves.
Odds of a quick deal between the two sides have now dropped substantially this week as ceasefire talks stalled. Worse, the recent ray of hope between Israel and Lebanon found a major roadblock after Hezbollah rejected the ceasefire.
Hezbollah argued that the ceasefire was not in Lebanon’s interest and amounted to surrender. This means that the fighting between Hezbollah and Israel will continue in the foreseeable future, something that Israel wants.
The challenge, however, is that Iran has insisted that any deal with the US will be contigent on the developments in Lebanon.
Therefore, there is a real risk that the US and Iran will restart their bombing campaigns. Just this week, Iran launched a barrage of missiles towards Kuwait in response to US attacks on its targets.
A renewed phase of fighting would be risky for the world economy, as it would push crude oil prices much higher than where they are today. Besides, data show that US oil inventories have continued falling, while drawdowns from the Strategic Petroleum Reserves (SPR) have accelerated and moved to the lowest level in years. If this trend continues, chances are that these reserves wil run out in months.
US driving season is underway
At the same time, the US is now in its driving season,where petroleum demand is usually at its highest. As a result, some top officials and experts warn of an impending danger in the world’s oil market if the Strait of Hormuz continues its closure for longer.
Before the war, 20.3 million barrels of oil used to pass through the Strait of Hormuz each day. This figure has now been reduced to near zero by Iran’s closure and the US blockade.
The world has found some extra oil, with Saudi Arabia boosting its pipeline exports, surging to 7 million barrels per day. Oil exports from the US and other countries like Canada has soared. This, however, has not been enough to offset the losses from the Strait.
Brent crude oil price technical analysis
Brent crude oil price chart | Source: TradingView
The daily chart reveals that Brent crude oil price has been sending mixed signals in the past few weeks. On the one hand, it has moved below the 50-day Exponential Moving Average (EMA), a sign that bears remain in control.
Brent has also formed a double-top pattern, a common bearish reversal sign in technical analysis. If this happens, Brent may drop to the key support level at $60.
On the other hand, Brent has formed an island reversal pattern, which happens after a big down gap. If this happens, the price may rebound and move above the key resistance level at $100. Such a move may also push it to $110 and above.
Copper price ended the bullish rally by reaching $6.6300 level, forcing it to provide some corrective waves by reaching $6.3750, due to stochastic exit from the overbought level to delay the bullish rally temporarily.
While the main stability above $6.1000 support forms a main factor to confirm the continuation of the positivity in the upcoming trading, therefore, we will keep waiting for gathering new momentum, to attempt to form a new support at $6.2500 level, to reinforce the chances of renewing the bullish attempts to target $6.7500 reaching $6.9400.
The expected trading range for today is between $6.2800 and $6.5500
