Platinum Slumps Below $1,800

Platinum futures fell below $1,800 per ounce, their weakest since December 2025, as the Middle East conflict and broader metals weakness dragged on sentiment. A stronger US dollar and rising bond yields diminished the appeal of non-yielding assets, while inflation fears reinforced expectations of tighter monetary policy from major central banks. The sell-off follows a late-2025/early-2026 rally, with investors now locking in profits, exacerbating the decline. Investment demand is projected to plunge by up to 52% due to ETF outflows and softening retail interest, particularly in China, while automotive demand weakens as the shift to electric vehicles reduces reliance on catalytic converters. Though the market remains in deficit, the shortfall is expected to narrow as recycling supply, especially in Europe, ramps up.

Platinum futures dropped below $1,900 an ounce, hitting their lowest level since December 2025, as profit-taking, weaker industrial demand, and improved supply conditions weighed on prices. Following a strong rally in late 2025 and early 2026, investors have begun locking in gains, triggering a sharp correction. Investment demand is expected to drop by up to 52% due to ETF outflows and weaker retail interest, particularly in China, while automotive demand is also set to decline as the shift to electric vehicles reduces the need for catalytic converters. Although the market remains in deficit, the shortfall is expected to narrow due to increased recycling supply, particularly in Europe. Platinum also tracked broader weakness across precious metals amid the ongoing Middle East war. This comes as a stronger US dollar and rising bond yields reduce the appeal of non-yielding assets, while persistent inflation concerns raised expectations for tighter monetary policy from major central banks.

Platinum decreased to 2010.00 USD/t.oz, the lowest since February 2026. Over the past 4 weeks, Platinum lost 2.69%, and in the last 12 months, it increased 99.4%.