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Platinum hits record high on tight supply, EU combustion-engine ban reversal

By Thomson Reuters Dec 25, 2025 | 9:16 PM

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)