13.02.202602:53:18UTC+00Platinum Nears Two-Month Low

Platinum futures fell below $2,100 per ounce, hovering near a two-month low amid a broader sell-off in precious metals. Strong US economic data and mounting expectations of tighter monetary policy have fueled technical selling across the metals complex, with robust employment figures reinforcing the view that the Federal Reserve may postpone interest rate cuts.

The pullback has also been driven by profit-taking following platinum’s surge to record highs since late 2025, while risk-off sentiment and rapid de-risking across equities, cryptocurrencies, and metals have triggered sharp short-term liquidations.

At the same time, a slower-than-anticipated adoption of electric vehicles is expected to keep platinum-group metals in supply shortfall over the coming years. The easing of EU restrictions on gasoline and diesel vehicle sales has further supported sentiment toward these metals. According to the CEO of Valterra Platinum Ltd., platinum and other PGMs are likely to remain in a supply-demand deficit for several years, helping to keep prices historically elevated despite the recent correction.