Platinum Price OutlookPlatinum prices have risen over the last month. On 11 January, platinum traded at USD 822 per troy ounce, which was up 4.6% from the same day last month. The price was 3.5% higher on a year-to-date basis but was down 16.2% from the same day in 2018. Platinum prices have gained ground in recent weeks in tandem with other precious metals. This was likely driven by volatility in global stock markets and concerns over ebbing global growth, following signs of faltering activity in China and a weak December PMI reading in the Eurozone. Moreover, the U.S. Federal Reserve’s more dovish stance likely added further impetus to prices. It is also possible that the recent surge in palladium prices has boosted investment demand for platinum, with investors wagering that car companies will increasingly substitute platinum for palladium in catalytic converters to cut costs going forward.
Platinum Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Platinum Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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