Platinum Remains Under Pressure

2026-10-01 03:13 By Joshua Ferrer 1 min. read

Platinum futures traded around $1,700 an ounce, staying near one-month lows as elevated oil prices and Treasury yields pressured the precious metals complex.

Treasury yields climbed to multi-decade highs amid concerns over persistent energy-driven inflation, which could prompt tighter monetary policy and weigh on non-yielding metals.

Oil prices also remain elevated as the US and Iran make little progress in negotiations despite signs of recovering Middle East flows.

However, softer-than-expected US inflation data offered some support as markets reduced the odds of another Federal Reserve interest rate hike this month.

Meanwhile, platinum’s fundamentals remain mixed, with WPIC forecasting industrial demand to rise 5% in 2026, partly driven by AI infrastructure, but automotive demand is expected to fall 4%, leaving the market with a projected 265,000-ounce surplus.

Over the longer term, demand will be underpinned by the rapid build-out of artificial intelligence.



News Stream
Platinum Remains Under Pressure
Platinum futures traded around $1,700 an ounce, staying near one-month lows as elevated oil prices and Treasury yields pressured the precious metals complex. Treasury yields climbed to multi-decade highs amid concerns over persistent energy-driven inflation, which could prompt tighter monetary policy and weigh on non-yielding metals. Oil prices also remain elevated as the US and Iran make little progress in negotiations despite signs of recovering Middle East flows. However, softer-than-expected US inflation data offered some support as markets reduced the odds of another Federal Reserve interest rate hike this month. Meanwhile, platinum’s fundamentals remain mixed, with WPIC forecasting industrial demand to rise 5% in 2026, partly driven by AI infrastructure, but automotive demand is expected to fall 4%, leaving the market with a projected 265,000-ounce surplus. Over the longer term, demand will be underpinned by the rapid build-out of artificial intelligence.
2026-10-01
Platinum Attempts Recovery
Platinum futures rose above $1,700 an ounce, attempting to rebound from a recent two-month low as falling oil prices offset pressure from elevated Treasury yields and a firm US dollar. Easing crude prices amid signs of improving energy flows from the Middle East are now helping non-yielding metals by reducing inflation concerns and bets on higher-for-longer interest rates. However, Treasury yields remain elevated, with the US 10-year yield near 5.24%, close to its highest since 2007 as persistent energy-driven inflation, a resilient US economy and hawkish signals from Federal Reserve officials strengthened expectations for further rate hikes. Meanwhile, platinum’s fundamentals remain mixed, with WPIC forecasting industrial demand to rise 5% in 2026 but automotive demand to fall 4%, leaving the market with a projected 265,000-ounce surplus. Over the longer term, demand will be underpinned by the rapid build-out of artificial intelligence.
2026-09-30
Platinum Hits 8-week Low
Platinum decreased to 1676.00 USD/t.oz, the lowest since August 2026. Over the past 4 weeks, Platinum lost 6.42%, and in the last 12 months, it increased 5.22%.
2026-09-29