『Platinum Surges: Your Shiny Investment Scoop with Vanessa』のカバーアート

Platinum Surges: Your Shiny Investment Scoop with Vanessa

Platinum Surges: Your Shiny Investment Scoop with Vanessa

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This is your Daily Platinum Price Tracker with Vanessa Clark podcast.

Hey everyone, welcome to another episode of Daily Platinum Price Tracker with Vanessa Clark. Im Vanessa, your go-to guide for all things platinum, and today were diving into the hottest updates on this shiny commodity thats stealing the spotlight.

First up, the current trading price. As of today, platinum is hovering around 1974 dollars per troy ounce, up about 2.4 percent from yesterday. Trading Economics reports it hit 1974.30 just recently, marking a massive surge. Over the past month, its climbed more than 27 percent, and year-over-year, were looking at over 114 percent gains. Bloomberg notes spot prices pushed to a 17-year high near 1954 dollars, with the metal more than doubling this year alone thanks to tight global supplies.

Whats driving this rally? Supply shortages are huge. South African mines, the worlds top producer, faced weaker output from disruptions, and the World Platinum Investment Council forecasts a deficit of 69,200 ounces this year, the third straight shortfall. In China, a new futures contract on the Guangzhou Futures Exchange has speculators piling in, boosting demand and pulling prices higher. Plus, elevated borrowing costs around 14 percent in London show traders are hoarding metal amid low inventories. Fed comments on potential rate cuts and slower EV adoption are adding fuel, easing pressure on platinum used in car catalysts.

For you listeners eyeing investments, heres your takeaway: platinum looks undervalued versus gold right now, with strong industrial demand from autos, jewelry, and hydrogen tech on the horizon. If youre thinking of buying, watch upcoming China manufacturing data and US tariff talks, as they could spark more volatility. Consider diversifying a small portfolio slice into platinum ETFs for that safe-haven pop.

Thats your daily platinum scoop, friends. Thanks for tuning in, subscribe so you never miss an update, and catch you next time on Daily Platinum Price Tracker with Vanessa Clark. Stay shiny!

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