Staff Answer
May 11, 2026 - 06:31 AM
Platinum opened the week strong at $2,085.80 per ounce at 9 AM ET, rising 1.67% from Friday’s $2,051.60. The metal is seeing renewed interest due to a 689,000-ounce annual shortfall projected through 2029. With South African mine supply aging and costly to operate, the World Platinum Investment Council notes that even small shifts in retail investment demand are having an outsized impact on this thinly traded market.
