Platinum Tops $1,800 as Spot Prices Climb
Platinum prices have exceeded $1,800 per ounce since this month began, marking their highest levels since late 2011 and reviving interest in a metal that spent years underperforming gold. The rally has also prompted Bank of America to revise its outlook, reflecting the strength of a market increasingly shaped by industrial demand and limited supply. The bank initially increased this year’s average platinum prediction to $2,450 per ounce, before raising its Q4 projection up to $3,000 as prices continued to outperform expectations. It also revised its palladium prediction upwards to $1,725 per ounce, although analysts anticipate platinum will maintain its…
