Platinum prices just surged to their biggest monthly gain in nearly 40 years. Watch this to see what comes next.
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U.S. stocks have climbed to record heights, but platinum’s rise — on the back of a global supply shortage of the metal since 2023 — is quite impressive too.
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July 1, 2025
05:14 PM
MarketWatch
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Advanced ➔ Results Commodities CornerPlatinum prices just surged to their biggest monthly gain in nearly 40 years
Watch this to see what comes next
The precious metal climbed more than 27% in JuneLast d: July 1, 2025 at 1:14 p
ETFirst Published: June 30, 2025 at 10:18 a
ETResizeListen(4 min)Platinum prices have gained nearly 48% so far in 2025, notching their best first half of the year performance based on records dating back to 1969, according to Dow Jones Market Data
Photo: iStockphotoThe S&P 500’s return to record territory in June wowed investors, but it has nothing on a jaw-dropping surge in platinum prices, with the precious metal logging more than 27% monthly rise, the largest in close to 40 years
A global supply shortage of platinum since 2023 contributed to the metal’s rise this week, bringing prices to their highest in more than a decade
But one veteran futures analyst said the market isn’t signaling that to be the case
Saefong, assistant global editor, has covered the commodities sector for MarketWatch for 20 years
She has spent the bulk of her years at the company writing the daily Futures Movers and Metals Stocks and has been writing the weekly Commodities Corner column since 2005
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