Platinum Hits One-Month High

2025-11-27 09:44 By Dongting Liu 1 min. read

Platinum climbed above $1,630 an ounce, reaching its highest level since October 20, following the launch of a physically settled contract on the metal by China’s Guangzhou Futures Exchange.

Open to both institutional and retail investors, the new contracts are expected to broaden market participation and fuel optimism about Chinese demand.

Meanwhile, signs of weakness in the US economy, coupled with dovish comments from Federal Reserve officials, have fueled widespread expectations of a third rate cut in December.

Platinum has surged more than 70% this year, roughly mirroring silver’s gains but significantly outperforming gold, driven by safe-haven demand, supply disruptions in South Africa, and strong Chinese buying.

Looking ahead, the World Platinum Investment Council forecasts a deficit of 69,200 ounces in 2025, marking the third consecutive annual deficit, with the market expected to be broadly balanced in 2026, leaving a modest surplus of around 20,000 ounces.



News Stream
Platinum Hits 4-week Low
Platinum decreased to 1746.00 USD/t.oz, the lowest since August 2026. Over the past 4 weeks, Platinum lost 2.39%, and in the last 12 months, it increased 24.71%.
2026-09-15
Platinum Falls Below $1,800
Platinum fell below $1,800 an ounce, reaching its lowest in more than a week, as the metal remained influenced by near-term investment flows while traders assessed prospects monetary tightening across major economies, weighing on demand for the non-yielding metal. The World Platinum Investment Council revised its 2026 market forecast to a surplus, with total demand set to fall 18%, driven by reduced demand for Chinese jewelry, which plunged 32%, and from automakers, which declined 6%. Additionally, heightened economic uncertainty stemming from the conflict in the Middle East has increased expectations of monetary tightening across major economies. The ECB hiked its policy rate at its September meeting, while investors increased bets on a Fed rate hike at its meeting this week as US inflation held steady above target, further dampening demand for platinum. In the long term, however, industrial demand provides some support, underpinned by the rapid build-out of artificial intelligence.
2026-09-10
Platinum is down by 5.02%
Platinum decreased 5.02% to 1822.6 USD/t.oz
2026-09-10