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Platinum Hits Record High on Tight Supply, EU Combustion-Engine Ban Reversal

Dec 26 (Reuters) - Platinum jumped to an all-time high on Friday, on track for its biggest annual rise ever, as supply constraints, an unexpected EU policy U-turn on the 2035 combustion-engine ban, and shifting investor flows out of gold fuelled the rally.

Platinum prices rose 8% to an all-time high at $2,413.62 per ounce by 0304 GMT.

Reporting by Sherin Elizabeth Varghese in Bengaluru

Source: Reuters


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