Platinum prices broke through the key resistance level of $1,025 an ounce, ending a long-running downtrend from its historic peak of $2,300 an ounce in 2008.
Platinum’s strong rally is not just driven by market sentiment, but also reflects a major shift in supply and demand, with 2025 forecast to be the third consecutive year of a platinum market deficit, with a gap of nearly 1 million ounces between demand and supply.
Platinum, unlike gold, which is primarily used for storage purposes, has an important role in industry, especially in the automotive industry. The metal is used as a catalyst in the emission control systems of diesel and hybrid vehicles.
With increasingly stringent emissions regulations in many countries, demand for platinum in the automotive industry is expected to continue to grow strongly.
In addition, the jewelry market, especially in China, is recovering significantly from the pandemic-induced slump. The preference for platinum in modern designs among young consumers is also contributing to the demand.
Retail investors are increasingly looking at platinum as an attractive alternative to gold amid global inflation and financial uncertainty, the World Platinum Investment Council said. However, inflows from platinum ETFs remain limited, suggesting there is still significant upside potential if the investment trend expands.
Another factor that makes platinum attractive is its low valuation relative to gold. The gold/platinum ratio hit a record high of 3.6:1 in April 2025, but has now narrowed to around 2.4:1, suggesting a natural market correction. Experts say platinum remains undervalued, creating opportunities for investors.
With positive prospects, platinum promises to continue to be a bright spot in the precious metals market in the coming time, attracting attention from both investors and industries.
Source: https://baonghean.vn/kim-loai-quy-vuot-mat-gia-vang-tang-den-54-trong-nam-nay-10302258.html
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