Platinum rises on strong demand

Platinum prices rose today as demand increased on most precious metals, while the markets are cautiously anticipatiing several central banks' meetings in the coming 2 weeks.

The ECB Monetary Policy Committee will launch its meeting next Thursday, to discuss the interest rate decision, with forecasts of a negative interest rates to stimulate the economy.

The US Fed will also launch its meeting and will announce its interest rate decision by next week, with forecasts of another cut for the second time this year.

Meanwhile, the markets currently fear the ineffectiveness of these decisions and their support to the major economies to counter the recession risks and the trade war impacts.

Otherwise, US and Chinese officials will meet in the first of October to discuss a trade agreement.

By 14:28 GMT, platinum prices rose by 0.1% to $951 an ounce, with a high of $962 and a low of $944.