Gold price pause shifts some focus to platinum

Rarer metal is gaining attention after years in gold’s shadow, but is it time to invest?

- BY JUSTIN GEORGE VARGHESE

When gold prices take a breather, investors often look around for the next precious metal to shine.

And right now, platinum — the rarer, often overlooked cousin of gold and silver — is showing early signs of a comeback. So, should UAE investors and jewellery buyers start paying more attention to platinum?

According to Ole Hansen, Head of Commodity Strategy at Saxo Bank, platinum has “traded sideways for the past decade,” meaning its price has remained relatively flat, while gold surged higher, thanks largely to strong central bank demand. But things are starting to shift.

Rarer, yes, but better?