PL=F is trading at $1,979.20, down 5% today as the appointment of Kevin Warsh as Fed Chair and hotter inflation readings fuel expectations for higher-for-longer interest rates.
- The move follows a sharp two-day slide from above $2,180, triggered by rising real yields and a broad shift toward risk-off sentiment.
- Platinum is selling off alongside broader market weakness, including declines in equity futures and cryptocurrency markets.