Platinum Soars to All-Time High Amid Broad Precious Metals Rally

• Platinum prices surged to an all-time high of $2,377.50/ounce on Wednesday, up 3.3%.
• The rally extends across precious metals like gold and silver, driven by safe-haven demand and US interest rate expectations.
• Macroeconomic factors, US-China tensions, and tight mine supply fuel the surge.
• Platinum has gained approximately 160% this year, catching up after lagging other metals.
• Palladium also hit a 3-year high, but market liquidity concerns suggest potential volatility.

Why It Matters: Platinum hits record high, joining a broad precious metals rally fueled by safe-haven demand and economic factors.