Platinum rises but remains below December record – Commerzbank

Platinum prices have recently surged in line with gold and silver prices. Notably, the gold-to-platinum ratio has decreased to below 2, a level not seen since June 2023. This movement indicates improving valuation for platinum, although it still remains below December's record levels. Analyst Carsten Fritsch emphasizes the need to examine the trends in the platinum market, highlighting that platinum often rises following increases in gold value. For market participants, monitoring platinum's movements is crucial for strategic planning. While a favorable outlook for gold could signal further rises in platinum, the fact that it hasn't reached significant price levels warrants attention.