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2025.08.2607:11:51UTC+00Platinum Holds Steady Amid Supply Concerns

Platinum futures stabilized around $1,325 per ounce on Tuesday, following a decline in the previous session. Persistent supply-side issues continue to support prices. For the past three years, demand has surpassed supply, primarily due to decreased mine output in South Africa, pushing the market into a structural deficit. The World Platinum Council anticipates an additional deficit of about 848,000 ounces by 2025. On the demand front, platinum is bolstered by its crucial role in hydrogen fuel cell technology and the broader transition toward green energy adoption. In terms of macroeconomic developments, US President Donald Trump announced the dismissal of Federal Reserve Governor Lisa Cook due to alleged mortgage fraud, sparking concerns about the Fed’s independence and its capability to craft policy free from political influence. Analysts pointed out that this decision might raise the chances of earlier interest rate cuts, aligning with Trump’s frequent advocacy for reduced borrowing costs.

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