Platinum futures surged above $1,090 per troy ounce in January, extending last year’s 10% gain to a level not seen since August 2016, on prospects of a strong recovery in the automotive industries. Meantime, supply is expected to bounce back after falling in the wake of the Covid-19 outbreak.
Historically, Platinum reached an all time high of 2290 in March of 2008. Platinum - data, forecasts, historical chart - was last updated on January of 2021.
Platinum is expected to trade at 1059.43 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 950.81 in 12 months time.