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2026.06.0802:31:12UTC+00Platinum Futures Sink to 6-Month Low

Platinum futures fell to about $1,760 an ounce, their lowest level since December 2025, as mounting inflation risks linked to Middle East tensions pressured precious metals. Over the weekend, Iran launched multiple waves of missiles toward Israel as a warning against further military action in Lebanon, undermining a fragile US–Iran ceasefire amid stalled peace talks. The protracted conflict and ongoing disruptions in the Strait of Hormuz have hindered energy shipments from the Persian Gulf, driving up oil prices and heightening global inflation fears. This has strengthened expectations of tighter monetary policy, further reinforced by stronger-than-anticipated US employment data. Even so, losses in platinum were partially limited by a deepening supply deficit, with the World Platinum Investment Council forecasting a fourth consecutive annual shortfall in 2026, driven by constrained output from major producers and steady industrial demand.

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