Strong Uptrend in the Platinum Market
The current analysis by Carsten Stork confirms that platinum continues to be in high demand, as reflected in a rising trend of platinum futures on the NYMEX. The price recently increased by about +4.2% to reach around $1,407 per ounce.
Factors Driving the Price Increase
This rise is significantly fueled by two factors:
- Tariffs: Trade tariffs increase the costs of platinum imports, thus constraining the available supply on the market.
- Supply Deficit: An existing deficit in platinum supply creates a scarcity that pushes the price even higher.
Additionally, the relative undervaluation of platinum compared to other precious metals is cited as another driver. Seasonal effects are expected to support the upward trend until the end of the month.
Attractive Opportunities for Investors
This development is particularly relevant for private investors, as it presents opportunities for attractive returns. The combination of fundamental supply shortages and trading conditions creates an environment of increased demand and rising prices.
In summary: The platinum market is currently experiencing a rally, driven by tariffs and supply deficits, as evidenced by a significant price increase in the futures market – a situation that private investors should also observe closely.