Platinum Soars to All-Time High Amid US Uncertainty, Investor Safety Seek

• Platinum reached an all-time high of $2,684.43 per ounce on Friday, extending its rally.
• Investors are increasing exposure to precious metals due to rising geopolitical tensions and uncertainty in US economic and policy direction.
• Analysts attribute the surge to weakening confidence in US assets, prompting a shift towards hard assets like platinum.
• A weaker US dollar, near a two-week low, made dollar-priced metals more attractive for international buyers.
• Shifting trade signals from US President Donald Trump, including tariff threats, also influenced market sentiment.

Why It Matters: Platinum hit a record high as global uncertainties and a weak dollar drove investors to safe-haven assets.