Platinum Soars to 18-Year High

2025-12-17 05:58 By Jam Kaimo Samonte 1 min. read

Platinum rallied above $1,930 per ounce, reaching its highest levels since 2008 as rising economic and policy uncertainty in the US drove investors toward alternative assets offering higher returns and diversification.

The delayed November US labor report showed the unemployment rate increased to 4.6%, the highest since 2021, even as payrolls rose more than expected.

Markets are pricing in roughly a 75% probability that the Federal Reserve will keep interest rates unchanged at its January meeting, little changed from before the data release.

Platinum prices have also been supported by supply-side concerns, with several mines in South Africa, the world’s largest producer, reporting weaker-than-expected output.

The World Platinum Investment Council forecasts a 2025 supply deficit of 69,200 ounces, marking a third consecutive annual shortfall, before the market is expected to move broadly into balance in 2026 with a modest surplus of around 20,000 ounces.



News Stream
Platinum Retreats
Platinum futures fell below $2,100 an ounce, retreating after a recent rebound, tracking a broader precious metals sell-off amid a rising US dollar. The move followed hawkish signals from the Federal Reserve, with Governor Lisa Cook indicating she would not support additional rate cuts, while President Trump’s nomination of Kevin Warsh as the next Fed chair, seen as less inclined toward aggressive easing, reinforced expectations of a slower pace of US rate reductions. Geopolitical tensions are also in focus after the US and Iran scheduled a fresh round of talks. In addition, near-term demand showed signs of softening, as elevated prices risked reducing autocatalyst purchases and encouraging substitution toward palladium. Meanwhile, downside is partially limited by tight supply fundamentals: platinum markets remain structurally undersupplied, with South African production, accounting for roughly 70% of global output, constrained by chronic underinvestment and operational disruptions.
2026-02-05
Platinum Rebounds Above $2,200 Amid Market Volatility
Platinum climbed back above $2,200 per ounce as investors bought the metal following a recent slump that pushed prices below $2,000 for the first time since December. The sharp moves came after profit-taking following last week’s record-high rally and was intensified by US President Donald Trump’s nomination of Kevin Warsh as the next Fed chair, a pick widely seen as more hawkish than other contenders. Meanwhile, near-term demand showed signs of softening, as elevated prices risked reducing autocatalyst purchases and encouraging substitution toward palladium. However, downside is partially limited by tight supply fundamentals: platinum markets remain structurally undersupplied, with South African production, accounting for roughly 70% of global output, constrained by chronic underinvestment and operational disruptions.
2026-02-03
Platinum is down by 5.02%
Platinum decreased 5.02% to 2015 USD/t.oz
2026-02-02