Platinum Price OutlookPlatinum prices rose somewhat through mid-January but subsequently retreated so that they were broadly unchanged month-on-month. On 14 February, platinum traded at USD 972 per troy ounce, which was stable compared to the same day last month. The price was 0.1% higher on a year-to-date basis and was up 24.3% from the same day in 2019. Prices rose through mid-January likely due to low global interest rates; more encouraging economic data from key economies, which boded well for industrial demand; and concerns over inflated U.S. stock market valuations supporting investment in alternative assets. In addition, the U.S.-China “phase-one” trade deal signed on 15 January appeared to provide further impetus to the market by improving the demand outlook. However, prices fell back in late January and largely moved sideways in early February, dampened by the outbreak of coronavirus in China, which will continue to hurt industrial production and, by extension, platinum demand.
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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