%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment The price of %Platinum rose 27% in June, its biggest monthly gain in 40 years. The price of platinum outpaced gold, which declined 0.2% in June following a blistering 65% rally over the last 18 months. Many commodities analysts say that platinum is gaining ground as investors rotate out of gold. Platinum's price is also benefitting from a global supply shortage that has been ongoing since 2023 and worsened in recent months, pushing the price to a 10-year high of $1,359.56 U.S. per ounce. The sharp price increase is helping to lift the stocks of leading platinum miners such as %EasternPlatinum (TSX: $ELR ), %BravoMining (TSXV: $BRVO ), and %SibanyeStillwater (NYSE: $SBSW ). The World Platinum Investment Council expects 2025 to mark a third consecutive year with a deficit of almost one million ounces of the precious metal. Yet despite its big run in June, platinum is still trading at a price that is less than half the cost of gold, which is currently at $3,359.80 U.S. per ounce. Options activity suggests Wall Street sees further upside in platinum prices in the months ahead. Data from the Commodity Futures Trading Commission (CFTC) shows that a majority of traders are holding net-long positions in platinum, suggesting they see more gains ahead. The stock of Eastern Platinum, a leading miner based in Canada, has gained 104% this year to trade at Cdn$0.28 in Toronto.