Shouchuang Futures: Global panic rising, platinum and palladium plummeting

2026-04-12 06:37:21

Early this morning, the Federal Reserve announced its interest rate decision, maintaining rates unchanged, but Powell’s hawkish stance caused precious metals to plummet. Today, Iran issued another declaration of resistance, and crude oil prices continued to rise sharply. Amid multiple bearish factors, platinum and palladium prices experienced significant declines, with platinum falling over 5% and palladium dropping over 6%, returning to low levels. The combination of macroeconomic factors and fundamentals has led to an extremely pessimistic market outlook, with further downward movement not ruled out. However, it is worth noting that the main production regions for platinum and palladium, South Africa, have not yet reported energy-related disruptions, which could potentially impact future production. (First Capital Futures)

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