Platinum futures hovered near $2,100 an ounce, trading in a narrow range and largely unchanged for the week, as a firm US dollar weighed on precious metals. The safe-have currency strengthened as concerns over a prolonged Middle East war and surging oil prices stoked fears of a global economic downturn. This also prompted markets to push back expectations of Fed rate cuts amid rising inflation risks. In the latest development, Iran stepped up attacks on oil and transport facilities across the Middle East, and the new Supreme Leader vowed to keep the Strait of Hormuz effectively closed. Meanwhile, the platinum market remained supported by tight supply from major producers and steady industrial demand, particularly for automotive catalytic converters, while EV sales in February dropped again. In Japan, Rakuten Securities launched a tax-efficient platinum fund, expanding retail access to the metal, adding further support on prices.
Related Articles
Check Also
Close
-
Currency Talk – USD/JPY, AUD/USD and CAD/JPYJanuary 27, 2026
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market





