Once became the "new leader" in the precious metals market!

Platinum takes over with gold and silver soaring, institutions warn

Following gold and silver, platinum has become one of the most watched assets in the market, once becoming the "new leader" in the precious metals market.

Since the beginning of this year, NYMEX platinum futures prices have risen a cumulative 105%, making it the second precious metal to double after silver. From the price trend, since November, NYMEX platinum futures prices have accumulated an increase of over 15%. Looking at a longer period, international platinum prices experienced significant rises in June and September, with increases of 28% and 17%, respectively.

The spot platinum price trend is also strong. On December 17, the spot platinum price surged, once breaking through the $1900/ounce mark.

On some social media platforms, the discussion around platinum has noticeably heated up, with many consumers believing that platinum prices have been "lying" for many years and also hold investment value.