Platinum futures held below $2000 an ounce, trading in a tight range near three-month lows as markets monitored developments in the Middle East war. In the latest update, US President Trump warned that he could target Iranian civilian infrastructure, including power plants and bridges, unless Tehran meets his demands and reopens the Strait of Hormuz by 8pm Eastern Time deadline, overshadowing tentative signs of progress in mediated ceasefire talks.
The standoff has kept energy markets volatile, with disruptions to global oil flows fueling inflation concerns and clouding the monetary policy outlook, which in turn weighed on non-yielding assets. Platinum was also pressured by profit-taking after a strong rally in late 2025 and early 2026, alongside softer automotive demand and expectations of improving supply. Structural shifts toward electric vehicles are reducing catalytic converter demand, while higher recycling flows, particularly in Europe, are expected to narrow the market deficit.
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
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




