PPLT is trading 3.5% lower at $13.50 as platinum prices weaken.

  • Spot platinum was reported down 1.26% on October 29; another update placed the metal near a late-November 2025 low.
  • Investment outflows, softer demand expectations and higher-rate concerns weighed on platinum.
  • The Fed held rates steady, though two policymakers favored a hike and market expectations for a December increase remained elevated. No PPLT-specific announcement was identified; the move appears tied to the platinum market rather than a company event.