Core Viewpoint - The platinum market is experiencing a strong upward trend driven by supply shortages, with spot prices nearing a one-year high and futures positions reaching a near five-year peak [1] Group 1: Price Movement - On June 4, platinum spot prices surged past $1,080 per ounce, approaching the highest level in the past year [1] - Year-to-date, platinum spot prices have increased by nearly 20% [1] Group 2: Supply Dynamics - The World Platinum Investment Council's latest report indicates that by 2025, above-ground platinum stocks are expected to meet only three months of demand [1] - In the first quarter, global platinum supply decreased by 10% year-on-year to 45 tons [1] Group 3: Investment Demand - Investment demand has surged, leading to a significant increase in total futures positions and net long positions held by managed funds on the New York Mercantile Exchange (NYMEX), reaching levels not seen in nearly five years [1] - Market sentiment towards platinum investments is gradually improving [1]

Group 1 - Gold prices rebounded strongly after hitting a daily low of $3274.75 per ounce, closing up 0.63% at $3327.03 per ounce, with COMEX gold futures also rising 0.60% to $3326 per ounce, indicating a technical correction [1] - The market is experiencing mixed signals, with significant progress reported in the UK-US bilateral trade agreement, where the UK agreed to concessions on US agricultural imports in exchange for potential tariff reductions on UK car exports, which may temporarily weaken safe-haven demand [3] - Despite the trade agreement, global investors remain concerned about geopolitical uncertainties and recession risks, leading to continued inflows into safe-haven assets like gold [3] Group 2 - The precious metals sector showed a mixed performance, with spot silver rising 0.10% to $32.486 per ounce, platinum increasing 0.08% to $982.48 per ounce, and palladium leading the sector with a 0.54% gain, closing at $978.30 per ounce [4] - Analysts suggest that the precious metals market may continue to experience range-bound fluctuations amid ongoing macroeconomic uncertainties, with investors advised to closely monitor upcoming Federal Reserve speeches and next week's US CPI data for insights on future price movements [4]