Platinum Remains Subdued

2025-11-18 19:18 By Felipe Alarcon 1 min. read

Platinum traded around $1,550 an ounce as markets scaled back the odds of a December Fed cut to below 50% from about 90% a month ago after several Fed officials pushed back on easing, and traders now await Thursday’s jobs report and the resumption of delayed US data for fresh direction.

This change in the broader policy landscape hit a market that had rallied more than 70% year to date on supply tightness and strong industrial demand, but near term physical offtake has softened as automakers fine tune metal use and longer term EV adoption reduces combustion engine catalyst needs.

Greater visibility around Chinese inventories and early signs of a recovery in South African output have removed part of the scarcity premium, encouraging speculative and ETF position trimming.

With the dollar firmer and global rate expectations higher, non yielding metals faced further selling.



News Stream
Platinum Holds Above $1,900
Platinum futures steadied above $1,900 an ounce, holding its rebound from a three-month low as precious metals broadly advanced on signs of de-escalation in Middle East tensions. President Trump told aides he is willing to end the war against Iran even if the Strait of Hormuz remains largely closed, while reports suggested Iran’s President may consider ending the conflict under certain conditions. This could lead to lower oil prices and ease concerns over further central bank rate hikes. Still, platinum remained under pressure from profit-taking, weakening automotive demand, and growing supply. After a strong rally in late 2025 and early 2026, investors are now locking in gains. Automotive demand, the largest industrial use for platinum, is also set to decline further as the shift to electric vehicles reduces reliance on catalytic converters. Although the market remains in deficit, the shortfall is expected to narrow due to increased recycling supply, particularly in Europe.
2026-04-01
Platinum Heads for Sharp Monthly Drop
Platinum futures rose above $1,900 an ounce, but remained on track for a roughly 18% decline in March, marking its worst monthly performance since October 2008. The war in the Middle East continued to broaden in the region with no end in sight, pushing the US dollar and bond yields higher. This reduced the appeal of non-yielding assets, while rising inflation risks due to elevated energy prices strengthened expectations of monetary tightening by major central banks. Platinum also remained under pressure from profit-taking, weakening automotive demand, and growing supply. After a strong rally in late 2025 and early 2026, investors are now locking in gains. Automotive demand, the largest industrial use for platinum, is also set to decline further as the shift to electric vehicles reduces reliance on catalytic converters. Although the market remains in deficit, the shortfall is expected to narrow due to increased recycling supply, particularly in Europe.
2026-03-30
Platinum is down by 5%
Platinum decreased 5% to 1829.6 USD/t.oz
2026-03-26