Precious metal platinum set for best quarter since 2008 on supply concerns

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Precious metal platinum set for best quarter since 2008 on supply concerns
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The price of platinum is up over 20% since late September, and the metal is set to experience its best quarter since 2009.

Platinum rose another 5% Thursday to trade at $1,054.86 per troy ounce Friday, up around 22% compared to the start of the quarter.

Platinum rose another 5% Thursday to trade at $1,054.86 per troy ounce Friday, up around 22% compared to the start of the quarter.If the precious metal surpasses a 19.89% uptick this quarter — last seen at the start of 2009 — it will be the biggest quarterly increase since the first quarter of 2008, when it gained a staggering 33.96%.since 2019, according to the World Platinum Investment Council, which has left a limited above-ground supply for the rest of the world.

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