Spot platinum drops 1.85%, falls below the $1680 mark

智通财经2026/10/07 06:46

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Spot platinum has just surpassed the $1,680.00/oz mark and is now quoted at $1,679.48/oz, down 1.85% on the day; the main contract of Nymex platinum futures is currently quoted at $1,686.7/oz, down 1.32% on the day.

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Spot platinum just broke through the $1,680.00/ounce mark, now quoted at $1,679.48/ounce, down 1.85% on the day; Nymex platinum futures main contract is now quoted at $1,686.7/ounce, down 1.32% on the day;

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(1) Some viewpoints suggest that investors are often influenced by the misconception that rising interest rates are unfavorable for precious metals, but this logic may not necessarily hold. (2) An increase in interest rates may stem from rising inflation or a sovereign debt crisis; either scenario provides positive support for gold. (3) This perspective also believes that the Federal Reserve is currently adopting a more symbolic stance on inflation. Constrained by the expanding scale of US Treasury debt, it is difficult to raise interest rates to a sufficiently high level. (4) Ultimately, the Federal Reserve may be forced to restart its "money printing" or suspend rate hikes, at which point the prices of precious metals are likely to surge significantly.

智通财经•2026/10/07 07:06