Platinum Prices Soar to Record Highs: 5 Key Factors Driving the Unprecedented Rally
Economy
C
CNBC Awaaz•26-01-2026, 13:29
Platinum Prices Soar to Record Highs: 5 Key Factors Driving the Unprecedented Rally
- •Platinum futures approach $2,900/ounce, marking a record surge driven by tight supply and investment demand.
- •High platinum lease rates in London indicate a significant physical market shortage, pushing prices up.
- •Physical bar buyers are the primary force behind the rally, not ETFs or futures, due to platinum's small market size.
- •Investment demand, fueled by expectations of US Federal Reserve rate cuts and a weaker dollar, is a major catalyst.
- •Geopolitical tensions, trade uncertainties, and potential increased demand from China's local-currency contracts further support the price surge.
Why It Matters: Platinum prices are at record highs due to tight supply, strong investment demand, and geopolitical factors.
✦
More like this
Loading more articles...
