Currently, platinum trades at $988.65 per ounce, as of 9 a.m., compared to gold, which trades at $2,576.43 per ounce. Year to date, platinum prices are up by 0.09% and gold prices are up by 24.69%.

The platinum market is expected to see its biggest annual deficit in at least a decade, but prices have so far been slow to react, according to an industry report.

Gold has smashed a new record at US$2,591.6 per ounce. Here are Westpac's forecasts through til 2028. The post Can the record gold price keep going higher? appeared first on The Motley Fool Australia.

The price of gold traded at $2,576.43 per troy ounce, as of 9 a.m. ET. That’s up 0.01% from yesterday’s gold price per ounce and up 24.69% since the beginning of the year.