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Many changes have taken place in the precious metals market since the year. Compared with gold, platinum's scarcity is three times that of gold. Since the 1990s, platinum's premium sales scale has been 1% of gold's. By each year, its premium scale has been three times that of gold.
Although from the perspective of supply fundamentals, scarce precious metals should be more popular, to this day, platinum has always been regarded as the younger brother of gold, and its status is far lower than gold. Therefore, I believe that from a reverse thinking perspective, this represents a potential opportunity for platinum to counterattack.
Platinum prices fell in 2019 as thousands of South African platinum miners returned to the mines after securing higher wages five months from March, according to a Profit Confidential research report. In addition, weak jewelry demand in China, bleak prospects for the automotive markets in Europe and China, and fears of oversupply also hang over the precious metal.
Dalian Precious Metals Spot Trading Center investment hotline: QQ