Staff Answer
Jun 24, 2026 - 06:53 AM
Yes, at 9:30 AM ET today, spot platinum slipped 3.72% to $1,594.40 per ounce, declining from yesterday’s opening mark of $1,656.00. Platinum is caught in a broader macroeconomic downdraft, overshadowing structural mine supply deficits. Fresh automotive manufacturing reports pointing to temporary production plateaus in Europe have cooled immediate industrial buying sentiment. This cooling, paired with defensive portfolio rebalancing ahead of key U.S. inflation data, has kept platinum under steady technical pressure.
