Couverture de Platinum Dips but Still Shines: Your Morning Metal Check with Vanessa

Platinum Dips but Still Shines: Your Morning Metal Check with Vanessa

Platinum Dips but Still Shines: Your Morning Metal Check with Vanessa

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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. Im your host Vanessa, and today were diving into the latest on platinum prices, whats driving the market, and some smart tips to help you navigate it all.

As of this morning at 8:15 Eastern Time, spot platinum is sitting at 2029.63 dollars per ounce, according to Fortune. Thats down 32.05 dollars from yesterday, a drop of about 1.55 percent, and its off 10.39 percent from a month ago when it was over 2265 dollars. But hold on, zoom out to the past year, and platinum has skyrocketed more than 105 percent from around 987 dollars. What a ride! Factors like supply hiccups in South Africa, the top producer, plus investors chasing it as a hedge against inflation and a cheaper alternative to gold, are fueling this. Gold is at 4912.96 dollars per ounce right now, by the way, for comparison.

Platinum is more volatile than gold because its big in industries like car catalysts and green energy, so demand swings can shake prices. Lately, we have seen some pullbacks with exchange margin hikes and geopolitical jitters, but end-use demand is picking up as buyers restock.

Heres your actionable takeaway: If youre thinking platinum for your portfolio, keep it to 15 percent or less, like experts suggest. Consider easy options like ETFs or bullion coins for exposure without storing metal yourself. Watch supply news from South Africa and industrial demand for clues on where its headed.

Thanks for tuning in, pals. Hit subscribe, share with a friend eyeing precious metals, and catch you next time on Daily Platinum Price Tracker!

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