Platinum Extends Rally Near $1,400

Platinum futures climbed toward $1,400 per ounce in late June, supported by a weaker US dollar and renewed investor demand.

Gold also edged higher amid uncertainty following reports that President Trump may replace Fed Chair Jerome Powell as early as September or October.

The platinum-to-gold ratio remains historically low, allowing investors to shift capital from gold to platinum with greater leverage.

BMO Capital Markets expects strong momentum to continue, forecasting platinum to reach $1,500 by year-end—about 10% above current levels.