What impact does platinum's demand have on price across different industries?
The price of platinum is heavily influenced by the demand for it across a range of industries. Platinum is used extensively in the automotive, jewellery, and electronics industries for manufacturing, catalytic converters, and other uses. Prices may rise in response to increased demand from these industries, while prices may fall in response to decreased demand. Technological developments, regulatory changes, and economic factors all affect the dynamics of demand, which in turn affects the platinum price chart.
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