12/2/2020, 4:21 PM (Source: TeleTrader)
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Platinum hits highest level since January

Platinum hit its highest level since January of this year on Wednesday amid decreased demand for gold in recent days.

Contributing to platinum's rise in recent weeks was also United States President-elect Joe Biden's pledge to spend $2 trillion on green energy, which benefits the silverish metal, currently used in autocatalysts but with increased use in emerging and renewable energy technologies.

Platinum jumped 1.49% to $1,018.71 per ounce at 10:19 am ET.

Breaking the News / JC