🔴 Platinum ETF (ZPLA.SW) is trading 3.22% down as rate concerns pressure non-yielding metals

ZPLA.SW is trading at CHF 368.15, with a -3.22% move, as liquidity pressures and elevated-rate concerns weigh on non-yielding metals.

• The Fed’s policy meeting this week is a focus for markets.
• A broader precious-metals selloff and projected 2026 platinum surplus add pressure; available market quotes show a smaller decline in platinum than in the ETF.
• A firmer Swiss franc may also have weighed on the CHF-denominated fund.