The Global Precious Metals Monthly Metals Index (MMI) saw a notable 7.36% increase last month, driven by shifting economic policies and market uncertainty.
Palladium Faces Market Uncertainty
Palladium prices fluctuated throughout the month, initially rising in January due to seasonal demand but later retreating in early February. Sibanye Stillwater’s continued palladium output reductions may create long-term bullish pressure.
Additionally, new tariffs from the Trump administration have heightened uncertainty. While palladium was not directly affected, market volatility has had a ripple effect, and analysts predict further price declines.
Platinum’s Steady Performance
Platinum prices remained stable despite external pressures. Analysts anticipate a supply deficit through 2025 due to increasing demand from the automotive and industrial sectors, reinforcing optimism about the metal’s outlook.
Silver Strengthens on Industrial Demand
Silver has shown consistent growth, reaching $32.80 per ounce in mid-February—its highest level since December 2024.
Amid economic instability, silver’s appeal as a safe-haven asset continues to rise, with analysts maintaining a bullish stance for 2025.
Gold Hits Record Highs
Gold reached an all-time high of $2,942.70 per ounce, fueled by economic policy shifts, geopolitical tensions, and aggressive central bank acquisitions.
Despite some mid-February price corrections, analysts remain optimistic. UBS analyst Joni Teves projects gold could peak at $3,200 per ounce, while Goldman Sachs has raised its year-end forecast to $3,100 per ounce.
As global markets face ongoing uncertainty, the precious metals sector remains a focal point for investors seeking stability.