Platinum futures advanced more than 3% to around $2,370 per ounce, attempting to climb back toward record levels, following a broader rally in precious metals. The surge reflects strong safe-haven demand amid geopolitical tensions in Iran, where unrest has claimed hundreds of lives. Global attention also turned to US President Trump’s international actions, including ousting Venezuela’s President Nicolás Maduro and discussing the acquisition of Greenland. At the same time, slower-than-expected US employment growth in December, despite a resilient unemployment rate, supported expectations of Federal Reserve rate cuts, boosting demand for non-yielding assets like platinum. The metal now approaches its late-December peak of $2,478.50, buoyed by rising global risk sentiment and ongoing demand for precious metals as a hedge.
