Platinum futures dropped below $1,700 an ounce, moving back toward six-month lows, pressured by a stronger US dollar after the Federal Reserve signaled growing support for interest rate hikes this year. While the central bank left its policy rate unchanged, nine Fed officials now expect a rate hike by the end of 2026 amid rising inflation concerns. New Fed Chair Kevin Warsh refrained from providing guidance on the next policy move but stressed that inflation has remained above the central bank’s target and reiterated the Fed’s commitment to restoring price stability. Meanwhile, oil prices declined further after an interim US-Iran agreement allowed oil tankers to resume passage through the Strait of Hormuz, helping soften inflation expectations and easing pressure on central banks to tighten policy. The platinum market also remains structurally tight, as output from major producers South Africa and Russia remains constrained by aging mines, high costs, and sanctions-related disruptions.
Platinum fell to 1,660.60 USD/t.oz on June 19, 2026, down 2.74% from the previous day. Over the past month, Platinum's price has fallen 15.26%, but it is still 31.91% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Platinum reached an all time high of 2923.70 in January of 2026. Platinum - data, forecasts, historical chart - was last updated on June 19 of 2026.
Platinum fell to 1,660.60 USD/t.oz on June 19, 2026, down 2.74% from the previous day. Over the past month, Platinum's price has fallen 15.26%, but it is still 31.91% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Platinum is expected to trade at 1727.21 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 2052.76 in 12 months time.