New York (CNN Business) Gold prices have soared more than 20% in 2020, and they hit a new record high earlier this year. But platinum prices are down almost 15% year-to-date. Will Rhind, CEO of GraniteShares, noted that platinum prices have historically traded at a premium to gold. Moy added that platinum currently is extremely "underpriced" compared with gold and that in a normal economy, platinum and gold prices should be much closer to parity. So just as platinum credit cards offer more rewards than gold ones and platinum records have higher sales than gold albums, platinum prices may soon regain their luster and outshine gold as well.

Source: CNN September 25, 2020 16:52 UTC