On 28 August, Osaka Exchange gold futures fell for the third straight day following a decline in the New York market, while platinum futures rebounded for the first time in four days. The outlook suggested that market trends would move in tandem with developments in the US market.
Osaka Exchange gold futures fell for the third consecutive trading day. According to market participants, gold prices came under downward pressure against the backdrop of developments in the US market.
Meanwhile, Osaka Exchange platinum futures rebounded for the first time in four days. Some market observers believe that platinum is entering a recovery phase relative to gold.
The article identifies conditions in the New York market as a factor affecting gold prices, indicating that developments in the US market could determine the future course of both gold and platinum.