Topic

Platinum Research

Finvaulta tracks 51 research reports on Platinum, updated through June 29, 2026. Latest: “Precious Metals Daily”.

Following a strong performance in 2025, the platinum market is confronting notable headwinds in 2026, recording a first-quarter surplus of 268,000 ounces—representing 18% of global demand—marking its first surplus since late 2024. This market oversupply is driven by widespread weakness across the automotive, industrial, and jewelry sectors, as well as significant investment outflows of 225,000 ounces. Additionally, platinum prices have been tracking gold's downward trend, influenced by technical liquidation and a hawkish Federal Reserve stance. Despite these pressures, platinum now trades at a premium to palladium, which may trigger substitution dynamics in autocatalyst production. While the World Platinum Investment Council projects a market deficit for the full year 2026, research from UBS suggests this projection is overly optimistic, anticipating a balanced market instead. As a result, analysts have reduced price forecasts for platinum, balancing macroeconomic growth risks against potential support from broader precious metal trends.

Featured reports

Precious Metals Daily

HSBC·Jun 29, 2026

Gold prices remain under pressure due to hawkish Fed expectations, despite a weaker USD. The report suggests a potential break of the USD 4,000/oz support level in the near term.

CIO View: Platinum

UBS·Jun 26, 2026

UBS has lowered its platinum price forecasts by USD 300/oz, citing weak demand and a potential market surplus. Despite this, a moderately constructive view is maintained, underpinned by the expected appreciation of gold prices.

Platinum: Back to Oversupplied in 1Q26

UBS·May 21, 2026

The platinum market returned to a surplus in 1Q26 as investment demand turned negative and industrial sectors weakened. Consequently, UBS lowered its price forecasts while maintaining a moderately constructive outlook tied to rising gold prices.

Early Morning Reid Macro Strategy

Deutsche Bank·Aug 3, 2026

US-Iran Deal Raises Market Optimism

UBS·Jun 15, 2026

Daily Europe

UBS·Jun 15, 2026

All reports

Page 1 of 3

Use in AI assistants

Search this research archive inside ChatGPT, Claude, or Perplexity.

ChatGPT Claude Perplexity

XAU Commodities HSBC UBS Industrials Consumer Discretionary

Get full access

Create an account to follow this research