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News
Platinum Jumps to $1,835 an Ounce as a Fourth Supply Deficit Takes Hold
8+ hour, 50+ min ago (394+ words) Platinum spiked 8% on August 4 and now trades near $1,835 an ounce, as the World Platinum Investment Council forecasts a fourth straight annual supply deficit, now widened to 297,000 ounces. Above-ground stockpiles are set to end 2026 at under three months of global demand,…...
Platinum Jumps 8% to $1,756 as Stockpiles Shrink to Three Months of Demand
3+ week, 6+ hour ago (424+ words) Platinum surged 8% to $1,756.70 an ounce on August 4, outpacing gold and silver, after the World Platinum Investment Council forecast a fourth straight annual supply deficit. Above-ground stockpiles are set to fall below three months of global demand by year end. Platinum's…...
Bank of America Now Sees Platinum Hitting $3,000 an Ounce by Q4 2026
1+ mon, 2+ week ago (614+ words) Bank of America has raised its price targets to $3,000 an ounce for platinum and $2,200 for palladium by Q4 2026, up sharply from its January call. The rally rests on a fourth straight platinum supply deficit, a near-828% U.S. anti-dumping duty on Russian palladium,…...