Staff Answer
May 04, 2026 - 06:35 AM
At 9 AM ET on May 4, platinum is priced at $1,973.60 per ounce, down 1.52% from Friday morning’s $2,004.10. Platinum is currently facing headwinds from the automotive sector, as new trade data suggests a temporary slowdown in European catalytic converter manufacturing. Furthermore, as a high-beta asset, platinum is reacting more sharply than gold to the rising yields on U.S. Treasury notes, which has dampened the immediate appeal of non-yielding precious metals.
