Spot prices increased by more than 2% – up to $ 1350.17 per ounce, which is the highest level since September 2014.
Platinum has increased in price to a maximum for more than a decade due to a flowing demand against the background of insufficient metal supply. Bloomberg reported this on Thursday, June 19.
Spot prices increased by more than 2% – up to $ 1350.17 per ounce, which is the highest level since September 2014.
Since the beginning of this year, Platinum increased the price by more than 45%. The “bull” trend is due to a significant lack of metal supply in the market, as well as the fact that manufacturers of jewelry reserves increase. Experts also indicate the increase in demand from Asian consumers, especially from China and India.
Increasing tension in the Middle East also stimulated platinum purchases, which investors use as a safe owner along with other precious metals.
Some analysts predict the return of prices to the area of $ 800-1150 per ounce, which was a trading range in the last decade.
Remember that in April Gold for the first time in history won the line of $ 3,500. Gold, which is considered a reliable owner against the background of economic uncertainty, this year rose almost 33%.
The world’s largest miner in the world has increased a quarter
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.