-
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)
- Comments / Top
- Subscribe
-
Related Stories
From brecorder.com | Dec 19, 2025
Copper edged higher on Friday and was heading for a weekly jump after another bullish forecast by Goldman Sachs highlighted mine supply constraints, while a firmer dollar capped gains. Benchmark three-month copper on the London Metal Exchange was up 0.1% at $11,787 per metric ton by 1036 GMT, not far off the all-time peak of $11,952 it struck last week. The ...
From cmegroup.com | Dec 19, 2025
Platinum has broken out of its post-pandemic trading range to be one of the year’s top-performing commodities. Its price rose dramatically from May, and in October it reached a 14-year high of $1,736 per ounce (and has since gone higher). Despite the rally, platinum’s price remains historically undervalued and significantly below the price of gold (Figure ...
From kitco.com | Dec 19, 2025
The U.S. housing market continues to stabilize as sales of existing homes increased for the third consecutive month; however, the National Association of Realtors warned consumers that affordable housing remains a risk. Total existing-home sales—including single-family homes, townhomes, condominiums, and co-ops—increased 0.5% in November to a seasonally ...
