Platinum Dips as Trump Delays Tariffs
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Platinum futures fell to approximately $2,300 per ounce after President Trump delayed new tariffs on critical mineral imports. This eased concerns over potential tariffs on platinum, palladium, and silver, as the administration indicated a targeted approach with bilateral agreements. Additionally, Trump's softer stance on the Federal Reserve and Iran reduced safe-haven demand for precious metals. He stated he has no plans to fire Jerome Powell amid a criminal investigation and downplayed threats against Iran, while also withdrawing some personnel from Middle East bases.
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