Just checked the platinum prices earlier and I’m surprised how wild things still are there. At the beginning of the year, platinum basically exploded – from under $1,000 to nearly $3,000 within a few months. The platinum price versus gold now shows again: gold is still significantly more expensive per ounce, even though platinum is much rarer. Crazy, right?

The entire rally came out of nowhere – supply shortages, geopolitical tensions, weak dollar. Then came the sharp correction, and now platinum is fluctuating between $2,000 and $2,100. The market is simply too illiquid for such large jumps. When you look at the platinum price versus gold, you see how differently the markets react.

This could be interesting for active traders – the volatility is intense. But caution: with only around 73,500 open contracts, the price could fall by 35% within days. Conservative investors might consider using platinum as a portfolio addition. The platinum price versus gold will be exciting in the long run, especially if hydrogen technology gains traction.