Platinum holds ahead of G20 summit

Platinum prices stabilized during today's trading in conjunction with the negative stability of the dollar against most major currencies and the market's anticipation of the G20 summit.

The global markets are looking closely at the G20 summit, which will begin on Friday and last for two days, and will witness important meetings, led by a meeting between US Presidents Donald Trump and Chinese President Xi Jinping.

The markets hope for a trade deal between the world's two largest economies, which will have a positive impact on market demand for metals, including platinum.

Observers believe that the United States is afraid that China may play the strategic metal card for various industries, taking into account the security of Beijing's needs through massive investments in mining activities in various countries of the world.

The dollar index (against a number of major currencies) stabilized by less than 0.1% to 96.1 points at 14:18 GMT, reaching a high of 97.2 points and a low of 95.9 points.

In terms of trading, spot platinum contracts settled at $810.4 per ounce, recording a high of $816.5 and a low of $808.2.