Gold & Platinum Surge Amid Geopolitical Tensions
Update: 2025-12-18
Description
Gold prices maintain near-record highs, with investors eyeing Venezuela and U.S. inflation data. Platinum surges by up to four percent, trading around $4,330 an ounce. Heightened Venezuela tensions boost precious metals appeal, while geopolitical uncertainty and thin liquidity drive their role as stable investments. Gold jumps nearly two-thirds this year, on track for best performance since 1979. Platinum surges eighteen percent since early December, driven by tightening London market, strong exports to China, and optimism for Chinese demand. Persistent production constraints and limited reinvestment in mines indicate a more fundamental shift in platinums market dynamics.
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