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During the past year, the spot price for platinum has increased about 16%, compared with a 42% gain for gold, FactSet's data shows. Platinum's current spot price is $1,004 an ounce, according to ...
The price of platinum changes along with its supply and demand; during periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold; whereas, during periods of economic uncertainty, [6] the price of platinum tends to decrease because of reduced demand, falling below the price of gold ...
In 2023, the retail juggernaut debuted gold bars that sold out almost instantly, leading Costco to introduce 1-ounce platinum bars for a price of $1,089 made of 999.5 pure platinum.
Listed here are mainly average market prices for bulk trade of commodities. Data on elements' abundance in Earth's crust is added for comparison. As of 2020, the most expensive non-synthetic element by both mass and volume is rhodium. It is followed by caesium, iridium and palladium by mass and iridium, gold and platinum by volume.
Platinum prices are stable year to date but have risen 14% over the past year. Costco is diversifying its precious-metals business by selling 1-ounce bars of platinum for $1,090.
During periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold, whereas during periods of economic uncertainty, [83] the price of platinum tends to decrease due to reduced industrial demand, falling below the price of gold. Gold prices are more stable in slow economic times, as ...
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