Precious metals plummet: Palladium drops over 5%, platinum falls over 7%

2026-01-07 05:58:09

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【Lianwen】On January 7th, the precious metals market performed poorly. Spot palladium experienced a decline, once dropping to $1726.25 per ounce, a decrease of over 5%. Even more dramatic was platinum’s performance, which fell more sharply—quoting $2272.65 per ounce, a decline of over 7%.

What are the reasons behind this decline? From a macro perspective, factors such as a strengthening dollar and adjustments in economic expectations may be putting pressure on precious metals. Cryptocurrency market investors have noticed that volatility in traditional assets often indicates that risk assets will also perform accordingly, which is very informative for asset allocation strategies. The future trend still depends on the dollar and global economic data.

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StakoorNeverSleeps

· 01-07 06:10

Precious metals are plunging, and the dollar is causing trouble again. The rhythm is really one wave after another.

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ImpermanentLossFan

· 01-07 06:08

The US dollar is starting to suck again, and precious metals are suffering as well. Platinum drops 7%? Damn, I need to recalculate my allocations. At times like this, it all depends on the Federal Reserve's stance. Palladium drops over 5%, should I consider bottom fishing? No, it's just the beginning. Traditional assets are crashing, will crypto fare better? Overthinking. With the macro environment in chaos, all assets are useless.

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MonkeySeeMonkeyDo

· 01-07 06:06

Precious metals plummet, and the dollar is acting up again --- Platinum drops 7%? Now that's really intense --- It's the dollar's fault again, same old story --- Where is the money flowing to? That's the real question --- Are traditional assets signaling a bottoming out? --- Tsk, risk assets are also going to suffer --- Focusing on the dollar is enough, everything else is just a distraction --- After this drop, is anyone bottom-fishing? --- Asset allocation really needs to be reconsidered --- When the dollar is strong, everything else is pointless

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DeFiChef