Structural shortages, international tensions and monetary conditions are providing a strong tailwind on the markets at the end of the year.
Platinum continues to send a strong signal in the final days of 2025: the price in euros has now reached a new all-time high of around 1,760 EUR/oz. The drivers of this extraordinary movement are, on the one hand, the emerging Changes in EU automotive policy and structural market stimuli such as the introduction of platinum and palladium futures on the Guangzhou exchange. Both increase the depth of the market and support the interest of institutional buyers.
Philipp Götzl-Mamba, Senior Manager Precious Metals at TRADIUM: „Platinum is making history: for the first time since 2008, the price has surpassed the USD 2,000 per ounce mark and even significantly exceeded the previous all-time high in euro terms. A physically scarce market, rising refinancing costs and growing buying interest from Asia are sparking a rally that is driving platinum up by around 120 per cent in USD and 95 per cent in EUR over the year - a rare moment when fundamentals and momentum are in harmony.“
Gold also climbs to new record highs
The best-known of all precious metals is also continuing its rally and reaching new highs. The trend is being driven primarily by the continuing high demand for safe investments in an environment characterised by international tensions and monetary policy uncertainty. Expected interest rate cuts and a weaker US dollar are further strengthening the upward trend and keeping investor interest at a high level.
