Platinum is up 10% in 68 trading hours on hopes China's domestic automobile industry can be revived.

Among the contributing factors mentioned above of why platinum prices are rising, it could be soon considered a catch-up trade to gold and silver, which have exploded over the course of this year thanks to dovish tilts by global central banks, an escalating trade war between the US and China, and macroeconomic risks pertaining to a worldwide synchronized slowdown.