Bearish
Platinum prices drop to $1,676, lowest in eight weeks, amid rising oil and interest rates.
Platinum prices have fallen to $1,676 per ounce, the lowest in eight weeks, driven by elevated oil prices and expectations of higher interest rates. The World Platinum Investment Council forecasts a surplus in the platinum market this year, primarily due to reduced investment demand.
Key points
- Platinum prices decline to $1,676, the lowest in eight weeks.
- World Platinum Investment Council forecasts a 265,000-ounce surplus in 2026.
- Analysts maintain bullish year-end price outlooks despite recent declines.
Sources
AI-generated from public news sources. Not financial advice.
