Platinum Soars 160% to All-Time High Amid Safe-Haven Demand, Rate Cut Hopes

• Platinum prices surged 160% this year, hitting an all-time high of $2,377.50 per ounce on December 24.
• The rally is fueled by increased investor safe-haven demand and expectations of US interest rate cuts next year.
• Macroeconomic factors like de-globalization and US-China tensions contribute to the demand for sovereign-risk-free assets.
• Tight mine supply, tariff uncertainty, and investment rotation from gold also support platinum's rise.
• Palladium also jumped over 100% this year, reaching a three-year high, but analysts warn of low market liquidity and potential volatility.

Why It Matters: Platinum prices hit record highs, up 160% this year, driven by safe-haven demand and macro factors.