Trump’s policies likely to weigh on platinum demand, prices, WPIC warns
US President Donald Trump’s economic policies are, in aggregate, expected to be negative for near-term platinum demand and prices, industry organisation the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Perspectives’ report indicates. Protectionist activities and tariffs especially are viewed as inflationary, which is likely to lead to a slowdown in the US Federal Reserve’s rate cutting trajectory and support a stronger dollar.
US President Donald Trump’s economic policies are, in aggregate, expected to be negative for near-term platinum demand and prices, industry organisation the World Platinum Investment Council’s (WPIC’s) latest ‘Platinum Perspectives’ report indicates. Protectionist activities and tariffs especially are viewed as inflationary, which is likely to lead to a slowdown in the US Federal Reserve’s rate cutting trajectory and support a stronger dollar.
