Platinum Soars to All-Time High Amid US Uncertainty, Investor Safety Seek
Commodities
C
CNBC TV18•23-01-2026, 11:16
Platinum Soars to All-Time High Amid US Uncertainty, Investor Safety Seek
- •Platinum reached an all-time high of $2,684.43 per ounce on Friday, extending its rally.
- •Investors are increasing exposure to precious metals due to rising geopolitical tensions and uncertainty in US economic and policy direction.
- •Analysts attribute the surge to weakening confidence in US assets, prompting a shift towards hard assets like platinum.
- •A weaker US dollar, near a two-week low, made dollar-priced metals more attractive for international buyers.
- •Shifting trade signals from US President Donald Trump, including tariff threats, also influenced market sentiment.
Why It Matters: Platinum hit a record high as global uncertainties and a weak dollar drove investors to safe-haven assets.
✦
More like this
Loading more articles...
