PRESS ROOM
Platinum following gold's movements
Friday 19th August '22
Platinum’s recent recovery has occurred concurrently with gold highlighting the correlation among precious metals. Gold, in turn, is reacting to the US dollar – a weaker dollar supports gold, and a stronger dollar creates headwinds for gold. Platinum may also find additional support from improving automobile sales. Passenger vehicle registrations have steadily risen in the first six months of 2022. This helps platinum demand given its primary industrial use is in autocatalysts for internal combustion engine vehicles.