Platinum Hits 30-week Low

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, as a stronger US dollar outweighed progress in US-Iran talks that helped ease inflation concerns. The greenback remained firm as markets continue to anticipate that the Federal Reserve will raise the fund rate this year after a hawkish tone from new Chair Kevin Warsh last week and upward revisions to inflation forecasts. A technology-driven global equity sell-off also boosted demand for the safe-haven currency. Meanwhile, early signs of progress in ongoing negotiations between US and Iran helped soften inflation concerns and ease pressure on central banks to tighten policy. Both sides recently agreed on a 60-day roadmap toward a final deal, and now Washington has issued Tehran a 60-day license to sell oil on international markets, fueling expectations of a faster recovery in global supply. Shipping activity through the Strait of Hormuz has also increased, pushing oil prices lower.