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Silver and platinum are seeing a run-up in prices while gold prices idle. This year’s returns on silver, at 26.8%, have inched slightly above gold, according to the prices of two popular ...
That demand has helped push global platinum prices up around 40% year-to-date, with spot prices near $1,265 per ounce. Spot gold prices have also surged, up roughly 30% over the same period.
Within months the platinum price had crashed to just $804/oz. Palladium, which is the preferred metal in the exhausts of gasoline powered vehicles, also fell but not as steeply. Further weighing ...
Notably, most of the rise has occurred recently. Over the past month alone, gold rose 7% and silver climbed 13% but platinum skyrocketed 30% (see: all the Precious Metal ETFs here).
Despite this rally, platinum still trades at just over half of its 2008 all-time high, making it appear undervalued—especially when compared to gold, which is currently at record levels.
Platinum, like silver, has industrial uses and the demand could fall significantly if there is a global recession. Therefore, gold would likely be a better choice in the event of a recession.
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors are pouring into silver and platinum as they seek “gold alternatives” and hedges against the ...
Gold prices ticked higher, as market participants kept watch over the ongoing US-China trade talks, but the day's biggest action was in platinum, which extended its surge to four-year highs.
Gold is losing ground as traders worry about potential rate hikes. Silver tests the key support in the $22.25 – $22.50 range. Platinum moved back towards the $900 level. Gold Gold 290923 Daily Chart ...
Since platinum’s surge in recent weeks, the ratio has come to 2.7. Platinum vs. Gold vs. Silver All three precious metals have been on a surge this year.
By Myra P. Saefong Platinum prices have outpaced gold's record run A previous version of this story included an incorrect spelling for Vaibhav Agarwal, head of product and innovation at Indxx ...