What will the price of platinum be in 10 years?
Table of Contents
- 1 What will the price of platinum be in 10 years?
- 2 What will 2022 platinum be worth?
- 3 Is there a future for platinum?
- 4 Is platinum better than gold?
- 5 What will gold cost 2025?
- 6 Is platinum a good investment?
- 7 What will the price of a platinum ring be in 2025?
- 8 What is the average price of platinum per ounce?
- 9 How often is the forecast for Platinum price updated?
What will the price of platinum be in 10 years?
Platinum Price in USD per Troy Ounce for Last 10 Years
| Current Price | $983.30 |
|---|---|
| 10 Year High | $1,736.00 |
| 10 Year Low | $593.00 |
| 10 Year Change | $-424.70 (-30.16\%) |
What will 2022 platinum be worth?
$1,253
Platinum will average $1,222 an ounce in 2021 and $1,253 in 2022, according to the median response from the poll of 34 analysts and traders conducted this month. A similar poll three months ago forecast averages of $1,044 for 2021 and $1,082 for 2022. Platinum averaged $883 in 2020.
Is there a future for platinum?
It returned median forecasts for platinum to average $1,000 an ounce in the final three months of 2021 and $1,110 in 2022. A similar poll three months ago forecast averages for platinum of $1,137.50 in the fourth quarter and $1,228 in 2022 and for palladium of $2,800 in the fourth quarter and $2,625 in 2022.
What will platinum be worth in 2030?
The website estimated that platinum could reach $1,050 an ounce by the end of 2021, $1,231 by the end of 2022, $1,749 at the end of 2025 and average $2,864 an ounce in December 2030.
What will gold be worth in 2030?
The World Bank predicts the price of gold to decrease to $1,740/oz in 2021 from an average of $1,775/oz in 2020. In the next 10 years, the gold price is expected to decrease to $1,400/oz by 2030.
Is platinum better than gold?
Gold: Strength and Durability. While both precious metals are strong, platinum is more durable than gold. Its high density and chemical composition make it less likely to break than gold, so it lasts longer. Despite being stronger, platinum is also softer than 14k gold.
What will gold cost 2025?
Summary: What Is The Future Of The Gold
| Year | Gold Price Prediction |
|---|---|
| 2024 | $4,721 |
| 2024 | $4,988 |
| 2025 | $5,012 |
| 2030 | $8,732 |
Is platinum a good investment?
Platinum offers a unique investment opportunity, with strong merits to consider: Platinum’s precious underpin offers a low-risk entry for investors looking to buy into this investment asset. Platinum has a low correlation to the performance of traditional assets and performs well during periods of economic recovery.
Why is platinum so expensive?
The main reason for this is that precious metals are priced by weight, and platinum is much denser than gold, meaning it will be heavier. Another reason why platinum rings are more valuable than gold is because the metal is much rarer.
What will be the price of platinum in 2022?
Palladium Price Forecast 2021, 2022-2024. Platinum Price forecast for February 2022. In the beginning price at 824 Dollars. High price 855, low 773. The average for the month 817.
What will the price of a platinum ring be in 2025?
08/29/2021, Sunday, 2:30 am CT. According to the latest long-term forecast, Platinum price will hit $1,500 by the end of 2023 and then $2,000 by the end of 2025. Platinum will rise to $2,500 within the year of 2028, $3,000 in 2030, $3,500 in 2031 and $4,000 in 2033.
What is the average price of platinum per ounce?
This statistic depicts the average annual prices for platinum from 2014 through 2025*. In 2018, the average price for platinum stood at 880 nominal U.S. dollars per troy ounce.
How often is the forecast for Platinum price updated?
The forecast is updated on daily basis. The current price is updated every 15 minutes. Platinum price started in 2021 at $1,079.50. Today, Platinum traded at $1,045.90, so the price decreased by -3\% from the beginning of the year. The forecasted Platinum price at the end of 2021 is $1,172 – and the year to year change +9\%.