Staff Answer
May 12, 2026 - 06:46 AM
The spot price for platinum at 9 AM ET is $2,127.00 per ounce, marking a gain of 1.98% compared to yesterday morning’s price of $2,085.80. This uptick reflects a cautious recovery as industrial users and investors assess the impact of global trade negotiations on automotive manufacturing. While broader economic uncertainty and persistent inflation can often pressure industrial metals, platinum is currently finding support from supply-side concerns and its role as a secondary hedge to the primary bullion markets.
