Year-to-date, investing in platinum has generated a 4.8% return, outperforming gold but still lagging palladium. With manufacturing PMI in key economies turning positive, some traders expect further tailwinds for platinum demand in Q3 2024. If you are interested in learning more about gold’s historical value, Yahoo Finance has been tracking the historical price of gold since 2000. For decades, these assets have served as hedges against inflation, buffers during geopolitical stress, and anchors in diversified portfolios. But their roles are evolving. Central banks are still stockpiling gold, reinforcing its role as a reserve asset. Meanwhile, inflation pressures remain uncertain, and demand for silver and platinum is shifting toward industrial use, especially in solar energy and clean tech. London Metal Exchange data indicates warehouse stocks of platinum have fallen to a five-year low of 120,000 ounces. This tightening inventory backdrop could create favorable price dynamics for investors actively investing in platinum.
