Platinum Prices

Platinum prices averaged USD 1,738 per troy ounce in June, down 12.7% from May. On 30 June, the commodity traded at USD 1,567 per troy ounce, down 18.6% from 29 May.

Average platinum prices fell in June, extending their decline to a fifth consecutive month. Like the other precious metals, platinum prices fell on expectations that the U.S. Fed will keep interest rates higher for longer, which boosted the USD and weighed on non-yielding assets. Soft automotive demand and rising recycling supply added further downward pressure. Still, the market’s persistent structural deficit limited losses.