🪙 #Platinum

For the first time in 11 years, platinum prices on the global market have surged above $1,400 per troy ounce. Since the beginning of June, the metal has gained over 34%.

Meanwhile, palladium rose by 15% in the same period — pushing the price spread between the two metals to $300, the highest in 9 years.

📈 What’s driving the rally?

Platinum is experiencing a structural supply deficit — one that can no longer be covered by warehouse inventories. This imbalance is fueling investor demand and speculation.

💡 If the current momentum holds, platinum could soon break through the $1,500 per ounce level.

#Platinum #PreciousMetals #Commodities #Palladium #MarketUpdate #Investing #MetalsMarket