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This is your Daily Platinum Price Tracker with Vanessa Clark podcast.

Good morning everyone and welcome to the Daily Platinum Price Tracker. I'm your host Vanessa Clark, and I'm so glad you could join me today on this Tuesday, October twenty-first, twenty twenty-five. Today we're going to dive into some really interesting developments in the platinum market that have investors and traders buzzing.

So let's get right into it with the current price. As of today, platinum is trading at around fifteen hundred sixteen dollars per troy ounce. Now, that might sound high, but here's the kicker – the price actually dropped over seven percent from yesterday, which represents a significant pullback after an absolutely incredible run.

Just last week, on October sixteenth, platinum hit a fourteen year high of seventeen hundred forty-four dollars per ounce. Can you believe that? A fourteen year high! But what goes up must sometimes take a breather, and that's exactly what we're seeing today as investors pause to consolidate those massive gains.

Now let me give you some context on just how remarkable this year has been for platinum. The metal has surged nearly seventy percent in twenty twenty-five. That's not a typo – seventy percent! This surge has been driven by several key factors. We've got persistent US China trade tensions creating uncertainty in global markets, ongoing geopolitical tensions around the world, and robust expectations that the Federal Reserve will be cutting interest rates soon.

But it's not just macroeconomic factors. The demand side of the equation is incredibly strong right now. Automotive catalytic converters, especially in hybrid vehicles, continue to drive demand. We're also seeing expanding use in hydrogen fuel cells, which is really exciting for the future of clean energy. And get this – Chinese platinum jewelry demand jumped one hundred thirty-seven percent year-on-year in the second quarter of twenty twenty-five.

On the supply side, things are tight. South Africa, which is the world's top platinum producer, has been dealing with flooding, aging infrastructure, and limited processing capacity. Their platinum group metal output was down three percent year-on-year in August. The World Platinum Investment Council is forecasting a third consecutive annual supply deficit in twenty twenty-five, estimated at eight hundred fifty thousand ounces. That's a huge shortage.

So what does this all mean for you? Well, despite today's pullback, the fundamentals for platinum remain strong. Trading Economics analysts are forecasting platinum to trade around sixteen hundred forty-one dollars by the end of this quarter, and potentially seventeen hundred seventy-seven dollars in twelve months.

Thanks so much for tuning in to today's episode of the Daily Platinum Price Tracker. Be sure to subscribe so you don't miss tomorrow's update, and I'll see you next time!

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