Bearish
Platinum price drops 5% to $1,798.96 after WPIC revises 2026 outlook
The World Platinum Investment Council (WPIC) has updated its 2026 forecast, shifting from an anticipated deficit to a surplus, primarily due to reduced investment demand. This revision has led to a significant decline in platinum prices.
Key points
- WPIC's 2026 forecast changes from a 297,000-ounce deficit to a 265,000-ounce surplus.
- Platinum price falls approximately 5% to $1,798.96 following the WPIC's announcement.
- WPIC attributes the surplus mainly to weaker investment demand, with industrial demand remaining relatively stable.
Sources
AI-generated from public news sources. Not financial advice.
