Platinum futures steadied around $1,325 per ounce on Tuesday after retreating in the prior session, with ongoing supply-side concerns continuing to underpin prices. Demand has outpaced supply for three consecutive years, with falling South African mine output driving the market into a structural deficit. The World Platinum Council expects another shortfall of about 848,000 ounces in 2025. On the demand side, platinum remains supported by its long-term role in hydrogen fuel cell technology and the broader shift toward green energy adoption. In macroeconomic developments, US President Donald Trump announced the removal of Federal Reserve Governor Lisa Cook over alleged mortgage fraud, raising concerns about the Fed’s independence and its ability to set policy without political interference. Analysts noted that the move could increase the likelihood of earlier interest rate cuts, in line with Trump’s repeated calls for lower borrowing costs.
Manage Consent
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.
The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.