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This is your Daily Platinum Price Tracker with Vanessa Clark podcast.
Hello and welcome to the Daily Platinum Price Tracker. I’m Vanessa Clark, and today is Wednesday, October twenty second, twenty twenty five. Thank you for tuning in to get your daily dose of the latest news, insights, and actionable takeaways about platinum prices and trends.
Let’s jump straight to the numbers that matter. As of today, platinum is trading at around one thousand five hundred fifty six dollars and fifty cents per troy ounce, according to Trading Economics. That marks an impressive jump of over four percent in just the past twenty four hours. Over the past month, platinum’s price is up more than three percent, and compared to this time last year, it is up a stunning fifty two percent. That’s a major rally for this crucial industrial and investment metal.
So, what’s driving platinum’s recent surge? According to the World Platinum Investment Council, we’re in the midst of the third consecutive annual platinum deficit, projected to be around eight hundred fifty thousand ounces this year. Mined supply is expected to fall another six percent, primarily because South African producers, who account for the bulk of global output, are facing persistent power supply issues, labor disruptions, and rising maintenance costs. With supply tightening and demand holding steady from industries like automotive, jewelry, and especially hydrogen fuel cell production, the price is finding strong support. Experts say that if platinum can stay above one thousand fifty dollars per ounce, it could push past the psychological resistance at eleven hundred dollars, and possibly higher in the months ahead.
Investors and industry watchers are also noting that platinum is finally catching up after years of trading at a significant discount to gold. Now that gold has reached new record highs this October, there’s more investment capital flowing into platinum and other precious metals as people search for value and diversification.
If you’re looking to make your own decisions about the platinum market, here’s a tip: keep an eye on global supply reports, especially out of South Africa, and watch for updates in automotive and clean energy demand. With governments pushing for cleaner emissions, more automakers are switching to platinum-based catalytic converters. And as hydrogen economy technology expands, platinum demand for fuel cells is only expected to rise.
Of course, this market is never risk-free. While the fundamentals suggest continued upside, there’s always a chance for periodic pullbacks as investors take profits or as global macroeconomic conditions shift. If you’re trading or investing, it’s a good idea to think in stages and hedge your positions, given the ongoing volatility.
That wraps up today’s Daily Platinum Price Tracker with me, Vanessa Clark. I hope you found this roundup helpful for staying on top of the latest platinum prices, market movements, and what’s on the horizon. If you enjoyed this episode, be sure to subscribe, and tune in next time for more platinum insights. Thanks so much for listening, and have a great day!
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