Weekly Precious Metals Market Report

Has platinum started a new bull market?

No. 25 | 14^th July 2025

Half-way through this decade, the platinum price has largely gone sideways,
underperforming many other assets. Including the recent price rally,
platinum has returned 26% since January 2020. The US stock market, on
the other hand, has returned 91% since then, and gold 119%.

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Precious Metals Forecast

According to Heraeus Precious Metals, a global leader in the precious metals industry, the gold price will continue its recent record series in the coming year. ‘In view of further interest rate cuts and the prospect of a weaker dollar, the price of gold could rise to 2,950 dollars’, said Henrik Marx, head of precious metals trading, at the presentation of the annual Heraeus precious metals forecast.

Supply & Demand

Precious Metal Charts

See the fluctuation of precious metal prices for platinum, gold, silver, palladium, rhodium, iridium and ruthenium with our interactive chart.