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Platinum Avoids Tariffs But Faces More Roadblocks Ahead
Tariffs, the strengthening of the US dollar, and falling lease rates have triggered a correction in the XPTUSD. Platinum plunged from its 11-year highs due to a sharp decline in demand from the automotive industry. Rumors of import duties on gold allowed the precious metal to recover. However, the correction persists. Tariffs have become a key driver of pricing for various commodities. The US administration will impose them on precious metals, which will result in the transfer of bullion from London and Zurich to New York. Platinum stocks on US exchanges rose sharply, as did European lease rates. The latter surged to ... (full story)
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- Aug 12, 2025 7:15am Posted byFundamental Analysis234
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- From bls.gov|Aug 12, 2025|82 comments