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How to judge the trend of spot platinum price? What are the factors that affect the price of platinum?
The international platinum price trend is greatly influenced by the economic situation, and the investment attribute of platinum is gradually being tapped by the market. The main factors that determine the international platinum price trend are industrial prosperity and jewelry demand. Platinum is widely used in chemical industry, especially in automobile exhaust purification devices, which affects the international platinum price trend. Due to the economic crisis, most industries in the world have been depressed in recent years, and the demand for jewelry, diamonds and jewelry has not increased significantly as usual, which has changed the international platinum price trend and the international platinum price trend is not as ideal as expected. On the contrary, gold, as a hard currency, is highly sought after. Under the guidance of many investment demands, the price has been rising all the way.

The trend of platinum price this year is: at the beginning of the year, the international spot platinum price fluctuated around 1000 USD/ounce, which far exceeds gold at present. However, in the retail market, the pace of price adjustment is not consistent. The reason is that most of the platinum ornaments in some gold shops are sold with diamonds. Judging from the total price, the trend of platinum price is not obvious. However, because platinum jewelry is relatively elegant and noble in workmanship and texture, it has always been favored by consumers, and now young people tend to use platinum jewelry when proposing marriage, and only use gold jewelry according to custom on the real wedding day, so the price trend of platinum basically fluctuates at a price, but the magnitude is not large.

The domestic platinum price trend follows the international platinum price. Affected by the surge in international platinum, some jewelry brands will adjust their jewelry prices, including many brands that rely on the high added value of stores to make profits.

Although in retail markets such as jewelry stores, the price trend of platinum shows that it is much higher than gold, in the international trading market, the prices of platinum and gold have not changed.

Metal prices can be referenced.