Platinum Price OutlookPlatinum prices have lost some ground over the last month amid improved supply and soft demand. On 15 May, platinum traded at USD 768 per troy ounce, which was down 1.3% from the same day last month. Furthermore, the price was 20.9% lower on a year-to-date basis and was down 9.2% from the same day in 2019. Prices have edged down over the last month, likely in part due to a resumption of mining activity in South Africaâ€”the key global producer of platinum. Mines in the country are now allowed to operate at 50% capacity following the easing of lockdown measures. Moreover, jewelry and automotive demand is likely feeble, weighed on by global containment measures and higher unemployment, putting further downward pressure on platinum 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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