Platinum price prediction 2025

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CoinPriceForecast was more bullish in its prediction, with the platinum price reaching $1,514 by the end of 2025, $2,504 by the end of 2030 and $3,146 by the end of 2033, putting it on track for further gains by 2040.Apr 22, 2022

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What will the Platinum price be at end of 2025?

The platinum price forecast for the end of 2025 is $1,854, while for year-end 2026 it sits at $2,223. Finally, the site’s platinum price prediction for 2030 is an optimistic $3,325 by year-end.

What is the price prediction for platinum (pl)?

Platinum (PL) price prediction is 1498.7612070444 USD. The Platinum price forecast is 1498.7612070444 USD for 2023 January 26, Thursday; and 3838.674 USD for 2027 January 26, Tuesday. Platinum (PL) Price Forecast, “PL” to USD price prediction: Buy or sell Platinum?

What is the Platinum price forecast for October 2022?

The Platinum Price forecast at the end of the month 22.31, change for September 1.3%. Platinum Price forecast for October 2022. In the beginning price at 22.31 Dollars. High price 23.35, low 21.13. The average for the month 22.26. The Platinum Price forecast at the end of the month 22.24, change for October -0.3%.

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What will platinum be worth in 5 years?

Platinum Prediction 2024-2028 These five years would bring an increase: Platinum price would move from $1,167 to $2,196, which is up 88%.


What will be the price of platinum in 2025?

The platinum price forecast for 2025 suggests the price should open the year at $1,390. Meanwhile, CoinPriceForecast said that the metal should hit a mid-year target of $1,266; and a year-end target of $1,343.


What will 2022 platinum be worth?

According to Heraeus, platinum is expected to trade between $1,300 and $850 in 2022. According to Trading Economics experts, platinum was predicted to sell at $996.27 by the end of the quarter, and $931.05 in a year at the time of writing (March 17).


Does platinum have a future?

The WPIC said the roughly 8 million ounce a year market was oversupplied by 1.23 million ounces in 2021 and predicted a surplus of 652,000 ounces in 2022. It said supply of platinum rose by 21% last year, while demand fell 9%.


Is it better to invest in gold or platinum?

Some investors may want to prioritize stability and long-term investing. In that case, gold is likely the better option. The precious metal has a longstanding history of reliable demand which often spikes during economic downturns. On the other hand, platinum usually performs better during times of economic growth.


Is buying platinum a good investment?

Besides, one should avoid buying platinum jewellery as an investment. Since it is not 100% pure, platinum jewellery holds less resale value and making charges are also quite high. “I will rate platinum as next to gold as an investment prospect with diamond and silver next.


What will the price of platinum be in 2030?

CoinPriceForecast was more bullish in its prediction, with the platinum price reaching $1,514 by the end of 2025, $2,504 by the end of 2030 and $3,146 by the end of 2033, putting it on track for further gains by 2040.


When should I buy platinum?

Chances are very good that in calendar year 2022 or beyond, the trading price of platinum is going to bounce strongly back, because the demand for the metal is not going to go away. Even though there is a surplus available now that is depressing prices, that is likely to change.


Will platinum price increase in future?

Investors may consider platinum over gold. If gold rally continues without a breather in 2021 again, platinum prices may shore up. Mine production is likely to return to normal in 2021 but still may be below the average annual supply from 2015 to 2019, according to WPIC.


Is platinum a good investment 2021?

Platinum prices have risen less dramatically to around $1,170 an ounce. The WPIC said the roughly 8 million ounce a year market was oversupplied by 1.23 million ounces in 2021 and predicted a surplus of 652,000 ounces in 2022. It said supply of platinum rose by 21% last year, while demand fell 9%.


Why is platinum rising?

The increase in supply came as platinum demand saw broad-based growth in 2021. The WPIC said that automotive demand last year increased 11%, industrial demand rose by 27% and jewelry demand increased by 5%.


What is the price of platinum right now?

Right now, platinum is traded at $1 006.57.


When will the platinum price rise?

Based on various expert forecasts and technical analyses, the platinum price should rise in the medium term. In the long-term, the platinum price t…


Will platinum prices fall?

If bad platinum news comes out, like the ‘Dieselgate’ scandal, trade wars begin, or the US dollar goes up, this can lead to platinum prices falling…


How low will platinum go?

Platinum recently hit its 4-year peak. With rosy forecasts from various sources, we don’t think that platinum will go lower than 5% from its curren…


What will platinum be worth in 5 years?

Platinum price predictions for the next 5 years are looking good. In 2026, the predicted platinum price is $3,036 mid-year and could close the year…


What will platinum be worth in 10 years?

Should you invest in platinum, and will it be profitable in 10 years? The forecasted prices of platinum are predicted to reach around $4,000 a deca…


Why is the platinum price going up?

The platinum price has risen because of a stalled gold price as an improved global economy has decreased the need for safe-haven assets, encouragin…


Will platinum price increase tomorrow?

The long-term forecast looks quite optimistic, and many analysts suggest there should be a long-term XPT metal uptrend to a level of 3000 USD or hi…


Platinum: A Recent History

Platinum began 2020 at $985 an ounce and ended the year at slightly above $1,000 an ounce. Over the past year, the security asset price declined in March to a record low of $606, along with a massive sell-off of assets and other precious metals amid the pandemic, and then gradually reached its range of $950-1,000 per ounce.


Platinum Price Today

Today, platinum is traded at $1 049.75. You can refer to this article to see the platinum price tomorrow.


Platinum Price Predictions by Experts

Let’s see what industry experts have to say about the price of platinum:


Platinum Long-Term Technical Analysis

First, we’ll do a technical analysis of the XPTUSD prediction chart on the monthly timeframe.


Platinum Price Forecast 2022

Below is a platinum price prediction graph for 2022. Please remember that a long-term platinum forecast is very approximate and is subject to change at any time.


Platinum Price Forecast 2023

Next, we have listed a platinum price prediction table for 2023. Even more so for 2023, please keep in mind that long-term forecasts are often unreliable and are created to form an approximate idea of how the value of an asset class will perform in the future.


Long Term Platinum Price Prediction 2025-2030

In this period, the platinum price would rise from $2,805 to $4,622. Platinum will start 2028 at $3,506, then soar to $3,508 within the first half of the year, and finish 2028 at $3,582. It is about +196% from today. Platinum may reach $4,144 by the end of 2030.


Rising supply and demand in 2021

Platinum is a key raw material in catalytic converters – they convert toxic gases and pollutants in exhaust fumes into less-toxic gases.


Will growing automotive demand support the market?

Demand in the automotive sector is expected to grow this year as vehicle production recovers post Covid-19 lockdown. However, the semiconductor shortage in the first half of this year has hindered recovery in this sector.


How to start trading platinum with CFDs in 2021

One way to trade platinum, as well as a plethora of other commodities, is with contracts for difference (CFDs) on Capital.com. With CFDs, you don’t own the underlying commodity and instead speculate on the movements in its price.


What platinum does

Platinum is mostly mined in South Africa, Russia, Zimbabwe, Canada and the US, and has a number of important industrial uses. While it is a scarce metal, more than 20 times rarer than gold, it is used primarily in:


Platinum price history: The last 12 months

How has the price of platinum performed over the course of the past 12 months? While prior performance is no indicator of what will happen in the future, it is still useful to see what has happened if we want to make a platinum price prediction.


Platinum price forecast

LongForecast suggests a forecast for 2022 suggests a January close of around $1,042; and closing February around $1,056. In 2023 the commodity should see closing highs of $1,206 in December. The platinum price forecast for 2025 suggests the price should close at $1,191 in January.


Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners.

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