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How ‘gold fatigue’ has helped drive platinum prices up 44% this year - MarketWatch

1. Platinum prices are up 44% year-to-date amid supply deficit expectations. 2. Gold price increases cause investor rotation into platinum, termed 'gold fatigue.' 3. Jewelry demand for platinum is rising, especially in China. 4. Platinum supply deficits forecast to continue through 2029 by WPIC. 5. Investment demand for platinum remains high, causing market speculation.

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FAQ

Why Bullish?

The ongoing supply deficits and rising jewelry demand are expected to sustain high platinum prices, similar to historical trends where supply constraints significantly boosted prices of precious metals.

How important is it?

The structural supply deficits combined with strong demand indicators point to a significant potential impact on PLN25's price trajectory.

Why Long Term?

Forecasts indicate a structural deficit through 2029, suggesting sustained price growth and demand for platinum, similar to previous metal market cycles.

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