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Platinum rallies to the highest since 2014 amid market tightness
Platinum extended a powerful rally to hit the highest level in more than a decade, with gains underpinned by a spike in demand and expectations for a market deficit. Spot prices surged by more than 2% to $1 350.17/oz, the highest level since September 2014. In a sign of near-term tightness, metal for immediate delivery has been trading at a premium to futures.
Platinum extended a powerful rally to hit the highest level in more than a decade, with gains underpinned by a spike in demand and expectations for a market deficit.
Spot prices surged by more than 2% to $1 350.17/oz, the highest level since September 2014. In a sign of near-term tightness, metal for immediate delivery has been trading at a premium to futures.
