Platinum Futures Fall 6.48%, Palladium Declines 5.67% on May 15 as Silver Selloff Weighs

GateNews
XPT-0.53%
XPD-0.55%
XAG-0.78%
According to Guotai Futures, on May 15, platinum futures fell 6.48% to close at 499.05 yuan per gram, while palladium futures declined 5.67% to 345 yuan per gram on the Guangdong Futures Exchange. Both metals broke through key support levels as a broader selloff in precious metals weighed on the sector. Silver's sharp decline drove the downturn, with platinum and palladium experiencing steeper losses due to thinner liquidity. Stronger-than-expected inflation data and hawkish Federal Reserve signals reinforced expectations for sustained higher interest rates, pressuring the industrial demand outlook for both metals.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments