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Benzinga
Benzinga
Business
Stjepan Kalinic

Investors Seek Gold Alternative - Platinum Hits $1,400 As Supply Deficit Deepens

Gold Deficit WPIC
Multiple,Imperfect,Piles,Of,100g,Medici,Platinum,Bullions.,The,Bars

Platinum prices have surged to their highest levels since 2014, driven by tightening supply, speculative investor flows, and a wave of buyers turning to the metal as a cheaper alternative to gold.

The precious metal climbed as high as $1,435 per ounce in the Asian trading session on Friday before taking a breather in the rally that gained over 50% from the April lows.

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