Platinum Soars Past $2,300 Record on Tight Global Supply, Following Gold and Silver

• Platinum hits a record high above $2,300 per ounce, following similar surges in silver and gold.
• The metal's price has increased by over 150% this year, marking its longest winning streak since 2017.
• Tight global supplies, historically high borrowing rates, and US tariff concerns are fueling the rally.
• Over 600,000 ounces of platinum are held in US warehouses, awaiting results of the Section 232 investigation.
• Strong shipments to China, new contract trading on Guangzhou Futures Exchange, and South African supply issues contribute to an expected third annual shortage.

Why It Matters: Platinum reaches record highs due to tight supply, strong demand, and market speculation.