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Global Turmoil Drives Platinum Prices to Record Highs

During early trading on Friday, platinum shattered its previous price record and climbed to $2,684 an ounce. This current surge has been fueled by a confluence of factors, chief of which is the ongoing geopolitical turmoil around the world.

As more investors add the precious metal to their portfolios, further strain is being exerted on the already insufficient supplies of platinum. Producers of this metal like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) are therefore positioned to see their revenues tick upwards over the coming…

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