Platinum Pulls Back But Shines Bright: Why This Dip Could Be Your Opportunity
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Platinum Pulls Back But Shines Bright: Why This Dip Could Be Your Opportunity
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This is your Daily Platinum Price Tracker with Vanessa Clark podcast.
Hey friends, welcome back to Daily Platinum Price Tracker with Vanessa Clark. I'm your host Vanessa, and today we're diving into the latest on platinum prices, what's driving the market, and some smart tips to help you navigate this wild ride.
Right now, platinum is trading around 2360 dollars per ounce, according to Trading Economics and Fortune reports from this morning. That's down about 1.4 percent from yesterday, pulling back from near-record highs after President Trump delayed new tariffs on critical minerals like platinum. Trading Economics notes it slipped to 2353 dollars per troy ounce, but do not let that fool you, this metal is still up a massive 24 percent over the past month and over 150 percent from a year ago. South African supply issues and strong demand from cars and industry are keeping the pressure on.
What is behind this? Economies.com points to some bearish waves testing support near 2330 dollars, but the overall trend stays bullish, with potential to rally back to 2440 dollars. Plus, automotive shifts away from super-fast electric vehicle adoption mean more need for platinum in catalytic converters. And with gold hitting over 4600 dollars, platinum looks like a value play, as the gold-to-platinum ratio hints at a possible breakout.
Here is your takeaway, pals, if you are thinking investments, consider allocating up to 15 percent of your portfolio to precious metals like platinum for that inflation hedge, but watch the volatility from industrial demand. Track spot prices daily and think long-term, maybe via an IRA for tax perks.
Thanks for tuning in, you are the best. Hit subscribe, share with a friend, and catch you next time on Daily Platinum Price Tracker!
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