Platinum has risen by over 35% so far this year, surpassing the annual increase in gold.

In recent times, following the high volatility in gold prices, platinum has also seen a wave of price increases. Market data shows that platinum has seen a cumulative increase of over 35% since the beginning of the year, exceeding the annual increase in gold prices. Data from the World Platinum Investment Council shows that in the first quarter of this year, global platinum supply decreased by 10% year-on-year to 45.3 tons, while demand increased by 10% to reach 70.7 tons. It is expected that there will be a platinum shortage for the third consecutive year this year, with a gap of 30 tons. Lin Xianping, Secretary-General of the Cultural and Creative Research Institute at Zhejiang University City College, stated that the recent rise in platinum and silver prices may be due to market expectations of long-term demand for precious metals, as well as factors such as rising global inflation pressures and increasing interest rate expectations driving the market. It is expected that this trend will continue for some time.