Platinum Price Forecast: Strong Dollar Limits Recovery Below $1,900

The recovery in Platinum (XPL) remains limited as a strong US dollar and inflation concerns weigh on prices. The drop in expectations for a hike in interest rates in October offers some support. However, mixed demand and projected market surplus keep traders cautious. The rebound in Q3 2026 supports the broader bullish outlook but $1,900 remains a key barrier. In my view, a softer US dollar and a breakout above $1,900 would strengthen the recovery in platinum. This article presents the main economic drivers, the technical outlook for platinum and signals from the silver-to-platinum ratio to understand the next move in the platinum market.