Platinum prices have reached the highest level since September 2014 - the cordant value of the metal has increased by more than 2%, to $ 1350.17 per ounce. About it reports Bloomberg on Thursday, June 19.
Since the beginning of 2025, platinum has risen by more than 45%, demonstrating one of the most powerful "bull" trends among precious metals. Analysts explain this dynamics with a combination of acute demand deficits and increasing demand from jewelry and industrial industries.
The main factors of price rise were:
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Insufficient supply of platinum to the global market, which is caused by reduction of production in key producers;
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Active increase in stocks with jewelry brands that are preparing for seasonal demand;
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Increasing interest from buyers from Asia, especially from China and India;
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Geopolitical instability, including exacerbation of the situation in the Middle East, which encourages investors to look for safe assets.
Platinum is traditionally regarded as an alternative to gold during financial or political crises.
Despite its sharp growth, some experts believe that the price of platinum can return within the range of $ 800–1150 for an ounce, which has been stored for the last 10 years. However, everything will depend on the development of the situation in the market of raw materials, the rate of restoration of the global industry and geopolitical risks.
