🔴 PPLT is trading 5% down as platinum falls under dollar and yield pressure

PPLT is trading at $14.70, down 5.01%, as platinum weakness weighs on the ETF.

• A market update reported platinum down $54 (-3.1%), alongside stronger-dollar and higher-Treasury-yield pressure on metals.
• Platinum’s rebound has struggled amid firm-dollar and elevated-yield pressure; the market also faces a projected 265,000-ounce surplus for 2026.
• The broader U.S. market is lower ahead of the FOMC minutes; commodity-market weakness is the clearest direct driver for this platinum-backed ETF.