Platinum Hits All-Time High Amid Global Uncertainty, Becomes Top Choice for Wealthy
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News18•23-01-2026, 12:27
Platinum Hits All-Time High Amid Global Uncertainty, Becomes Top Choice for Wealthy
- •Platinum prices surged to an all-time high of $2,684.43 per ounce on Friday, January 23, 2026, driven by global economic uncertainty and geopolitical turmoil.
- •Considered 'white gold' and a top choice for the super-rich, platinum is becoming increasingly out of reach for the common person.
- •Investors are turning to platinum as a safe investment due to weakening confidence in the US economy and a declining dollar index.
- •The dollar index fell by about 1% this week, making dollar-denominated metals more attractive to foreign buyers.
- •Experts predict platinum's rally will continue, especially with anticipated interest rate cuts in late 2026, further boosting investment in precious metals.
Why It Matters: Platinum prices soared to a record high, fueled by global instability and investor shift to safe-haven assets.
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