Gold 
Platinum Price Outlook
“Platinum continued to build on the strength in prices experienced during 2025, reaching fresh record high levels in January 2026. Strength in the gold market has been particularly influential in driving platinum prices higher in recent quarters. While not in a deficit, the platinum supply and demand balance has tightened, which coupled with some of the recent developments as well as some misplaced beliefs has helped power platinum prices strongly higher.
One recent development was the European Union’s decision to reverse its ban on internal combustion engine (ICE) vehicles in the middle of December last year. As mentioned in the previous edition of this report, this is a positive for PGM demand, but not something that would have a near-term positive impact on the demand for these metals. What this development does is ensure continuity of ICE vehicles beyond 2035, which many observers including CPM had assumed already.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
