View full page at metalsmine.com

 

Platinum’s Hottest Month in Nearly 40 Years Hints at More Gains Ahead

From sbcgold.com

Platinum just recorded its strongest month since 1986, surging more than 30% in June to a relative high of $1,422.40/oz. This momentous rise has many investors wondering if a larger breakout is around the corner for the white metal, whose year-to-date returns lead the precious metals market. Experts highlight persistent supply constraints, rising demand, and reinvigorated Chinese interest as compelling drivers behind platinum’s concentrated rise. Although some risks, such as price-sensitive Eastern demand and EV transitions, might dampen demand, structurally tight conditions suggest the rally still has legs. The ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis