empty
 
 

26.05.202603:16:34UTC+00Platinum Pressured Near 3-Week Lows

Platinum futures hovered near three-week lows at around $1,950 an ounce as heightened tensions in the Middle East kept inflation risks elevated. While negotiations continued, US forces carried out strikes in southern Iran, describing them as defensive actions, which further dampened hopes for a peace agreement. The renewed geopolitical risk drove oil prices higher, stoking inflation concerns and strengthening expectations that central banks may keep monetary policy tighter for longer.

At the same time, platinum remains underpinned by a favorable supply–demand backdrop. Robust demand from China—bolstered in part by the launch of a new domestic platinum futures contract—has supported renewed investor interest in the metal. The market also remains structurally tight: production in major suppliers South Africa and Russia is constrained by aging mines, elevated operating costs, and sanctions-related disruptions. Expectations for solid industrial demand, particularly from the automotive sector, are providing additional support for prices.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


现在无法通话?
提出您的问题,用 在线帮助.
Widget callback