1. Supply and demand: There is a wide demand for gold in the world, including jewelry, investment and industrial use. In contrast, the demand for platinum is mainly concentrated in jewelry and industry, and the market is relatively small.
2. Investment demand: Gold is usually regarded as a traditional safe-haven asset and safe-haven tool, so investors are more inclined to buy gold during the period of economic instability. Platinum is relatively less attractive in the investment field.
3. Production cost: The mining and refining cost of platinum is relatively high, which will also affect its price.
4. Market sentiment and brand awareness: Gold has always had a high value and status in history and has been widely recognized and accepted. The market awareness of platinum is relatively low, which may have a certain impact on its price.