Posted by The Hill on September 20, 2018 09:21:20 Platinum prices are now trading on the Nasdaq stock market, with a median selling price of $7,500 per ounce, and a median buying price of about $6,600.
The average price of platinum has been climbing for nearly two years, though it’s been trending lower.
The median selling point for the metal has been around $1,200 per ounce.
Gold is trading at $10,700 per ounce and platinum at $1.29 trillion.
Both metals have been inching up in recent months as supply has increased.
The platinum price is a better indicator of future prices than gold, according to the Bureau of Labor Statistics.
In other words, the gold price is likely to be lower than platinum, given the current glut of supply.
But if platinum is up more than gold right now, that’s not necessarily bad news for gold.
The silver price, which has risen sharply, is a more accurate indicator of long-term interest rates.
But silver is currently trading below its price per ounce for years, thanks to the economic downturn and the U.S. Federal Reserve’s interest rate hike.
Silver prices, though, are up around 9% a year, and they have been rising steadily over the last few years.
The price of gold is currently at $13,000 per ounce in a rally driven by supply.
Silver is also up over the past few months.
Gold and silver prices are linked because both metals are produced in a certain amount of silver.
If gold and silver price rises, it means more supply of those precious metals, which will lower the prices of other metals.
Gold has been rising since 2016.
Platinum prices have been trending down since last year.
But it’s not clear if the platinum market will continue to rise.