From Financial Modeling Prep: 2025-06-19 11:01:00

Gold prices fell in Asian trading due to a hawkish Federal Reserve and a stronger dollar. Spot Gold dropped 0.5% to $3,353.92/oz, while Gold Futures (August) slipped 1.1% to $3,369.77/oz. Meanwhile, platinum prices surged to their highest level since 2014, driven by supply constraints and robust demand from China.

Geopolitical tensions, such as potential U.S. strikes on Iran, supported safe-haven assets. However, the Federal Reserve’s decision to maintain rates and warn of inflation from tariffs weighed on gold. Platinum Futures hit $1,313.0/oz, fueled by strong Chinese demand and supply constraints like high lease rates.

Platinum is increasingly seen as a safe haven amid market volatility. For real-time updates on gold, platinum, and silver prices, check out the Commodities API. With escalating tensions and uncertain central bank policies, precious metals will continue to attract global investors seeking stability in turbulent times.



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