Platinum Price OutlookPlatinum prices have observed an upward trend in recent weeks, but have still performed poorly so far this year. On 2 November, platinum traded at USD 866 per troy ounce, which was up 4.6% from the same day last month. However the price was down 6.6% on a year-to-date basis and was down 7.0% from the same day in 2017. The rise in platinum prices in recent weeks was mirrored by the evolution of the prices of other precious metals, and was driven by greater safe-haven demand in view of trade tensions between the U.S. and China, greater political risk in Europe and sharp falls in global equity markets. Moreover, supply from South Africa, Russia and Zimbabwe has likely fallen so far this year, providing further support to prices. However, despite the slight uptick, platinum prices remained subdued in a historical context, due in part to a persistent decline in jewelry demand in recent years.
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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