# Gold and Platinum

Their prices have moved together.

Source page: https://www.materialinsights.org/links/gold-and-platinum/

[Gold](https://www.materialinsights.org/commodities/gold/) (commodity) and [Platinum](https://www.materialinsights.org/commodities/platinum/) (commodity): 1 relationship.

## How they are linked

### 1. Price link: precious metal

*Cost and price · Strong · Both ways*

Platinum is a precious metal in jewellery and investment but mainly an industrial metal for catalysts, so it shares gold's monetary drivers only partly. Monthly changes correlate at 0.56 and yearly at 0.67.

- **0.56** monthly change correlation
- **0.67** 12-month change correlation
- **0.17** fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.