Weekly Updates
Platinum
| Current Price | 1-Week Change | 1-Year Change |
|---|---|---|
| $2,136.00 | +$196.00 | +$810.00 |
The return of speculative fund activity drove the platinum price up by nearly $150 late in the week perhaps for two reasons. First, the recent economic data for the US seems to be better-than-anticipated, suggesting that a contraction in growth may be shallower and of a shorter tenor then originally feared. Second, discussions of rising supply deficits primarily from South African producers are again taking center stage ahead of the release of the Johnson Matthey report on Monday. If the funds continue to show interest in the metals, then platinum could conceivably rise back above the $2,200 level in the near-term.
