Platinum Hits 4-week High

Platinum increased to 2373.00 USD/t.oz, the highest since January 2026. Over the past 4 weeks, Platinum lost 10.46%, and in the last 12 months, it increased 139.29%.

Platinum decreased 5.03% to 2214.3 USD/t.oz

Platinum futures traded around $2,300 an ounce, moving near four-week highs, as ongoing trade and geopolitical tensions underpinned demand for safe-haven metals. US and Iran agreed to extend their nuclear negotiations next week, while US troops continued to buildup in the Middle East, keeping markets on edge. Washington also sanctioned over 30 entities linked to Iranian oil and arms dealings. At the same time, the Trump administration advanced its tariff agenda, with US Trade Representative Jamieson Greer indicating that a directive lifting the global tariff rate to 15% could be implemented where appropriate. Platinum also continues to draw support from a persistent supply deficit, as mine output, largely concentrated in South Africa, has trailed demand for several years, tightening above-ground inventories. Stronger automotive demand, ongoing palladium-to-platinum substitution in autocatalysts, and renewed investment interest, particularly from Asia, have added further momentum.