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Platinum Charges Higher in Historic Surge, Eyes $2,000 Breakthrough
Platinum continued its fast-paced surge, rising as high as 4%. Platinum has now increased by 18% in a continuous run of gains this month. Financial firms are parking metal in the US to protect themselves from the risk of tariffs, and the London market is showing signs of tightening. This year, exports to China have also been strong, and the recent launch of futures trading on the Guangzhou Futures Exchange has increased confidence in the country’s demand. In reference to platinum, Wu stated that “low elasticity in recycling, limited reinvestment at the mine level, and persistent production constraints are making ... (full story)