Bearish
UBS forecasts platinum price decline to $1,700/oz by December 2026 amid market surplus.
UBS analysts predict a decline in platinum prices to $1,700 per ounce by December 2026, citing a market surplus due to weak investment and jewelry demand. The World Platinum Investment Council (WPIC) also revised its 2026 outlook, forecasting a surplus of 265,000 ounces, a shift from the previously estimated deficit.
Key points
- UBS forecasts platinum prices to decline to $1,700/oz by December 2026.
- WPIC revises 2026 outlook to a 265,000-ounce surplus due to weak demand.
- Platinum prices have decreased by 10% this year, trading at $1,840 per ounce.
Sources
AI-generated from public news sources. Not financial advice.
