Platinum is up by 5.35%

Platinum decreased 6.55% to 1553.2 USD/t.oz

Platinum decreased to 1593.00 USD/t.oz, the lowest since November 2025. Over the past 4 weeks, Platinum lost 18.28%, and in the last 12 months, it increased 17.9%.

Platinum futures fell to below $1,600 an ounce, hitting the lowest level since November 2025 and tracking broader weakness across precious metals amid a stronger dollar and growing expectations of Fed rate hikes. The US dollar rose to its highest level in more than a year against a basket of major currencies, making dollar-denominated commodities such as platinum more expensive for buyers of other currencies. Markets continue to anticipate that the Federal Reserve will raise rates this year after a hawkish tone from new Chair Kevin Warsh last week and upward revisions to inflation forecasts. Those expectations have outweighed the supportive effect of progress in US-Iran peace talks, which has driven oil prices back to pre-conflict levels and significantly reduced inflationary pressures. Meanwhile, the platinum market remains structurally tight as output from major producers South Africa and Russia remains constrained by aging mines, high costs, and sanctions-related disruptions.