Staff Answer
Jun 02, 2026 - 06:15 AM
The platinum spot price hit $1,974.30 per troy ounce at 9:00 AM ET on June 2, 2026, marking a strong 0.69% increase from yesterday morning’s benchmark of $1,960.80. Platinum's intraday gains are part of a broader, catch-up momentum rally sweeping through the entire precious metals complex. Momentum traders are capitalizing on a softened U.S. dollar index, which makes dollar-denominated industrial commodities significantly cheaper for overseas manufacturing buyers.
