Platinum Price OutlookPlatinum prices have declined over the last month on soft demand. On 30 November, platinum traded at USD 805 per troy ounce, which was down 3.7% from the same day last month. The price was 13.2% lower on a year-to-date basis and was down 14.4% from the same day in 2017. Platinum prices held up fairly well for most of November before dipping notably at the end of the month along with gold and silver prices. This decline was likely driven by a recovery in the U.S. stock market in the last days of November, reducing the attractiveness of precious metals. Moreover, market expectations of progress on reducing U.S.–China trade tensions at the G20 summit (which began on 30 November) likely also dampened prices. Looking at silver-specific factors, supply is currently outstripping demand—due a shift away from diesel vehicles and lower jewelry demand—which likely put further downward pressure on prices.
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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