Investors Seek Gold Alternative - Platinum Hits $1,400 As Supply Deficit Deepens
1. Platinum prices hit highest levels since 2014, now $1,435 per ounce. 2. Supply deficit expected at 966 koz this year, rising in subsequent years. 3. Jewelry demand increasing; consumers turning to platinum as gold alternatives. 4. Analysts predict bullish trend for platinum through 2029 due to structural weaknesses. 5. Platinum is now seen as a more affordable option compared to soaring gold prices.