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Platinum Shortage Looms as Gold Hits Record High

2/24/2025

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Summary

Story summary

Analysts forecast a platinum supply deficit lasting until 2025, even with a robust U.S. dollar.
Silver prices increased to $32.80 per ounce, fueled by safe-haven demand amid economic instability.
Gold hit a record high of $2,942.70 per ounce, driven by geopolitical tensions and central bank buying, but saw a mid-February price drop.
Palladium experienced volatility, with anticipated price declines due to market uncertainty.

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Story summary

Analysts forecast a platinum supply deficit lasting until 2025, even with a robust U.S. dollar.
Silver prices increased to $32.80 per ounce, fueled by safe-haven demand amid economic instability.
Gold hit a record high of $2,942.70 per ounce, driven by geopolitical tensions and central bank buying, but saw a mid-February price drop.
Palladium experienced volatility, with anticipated price declines due to market uncertainty.