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Can Platinum and Palladium Recover?
In a Q1 Barchart recap of the precious metals sector, I highlighted platinum’s 8.77% Q1 decline and palladium’s 7.91% drop. Nearby NYMEX platinum futures closed Q1 at $907.70, with the palladium futures at the $1,021.50 per ounce level. In late May 2024, the metals were over the $1,000 level, with platinum higher and palladium lightly lower than the Q1 closing prices. Despite being classified as precious metals, the industrial applications of platinum and palladium have a more significant impact on their price trends than financial factors. It's important to note that platinum and palladium futures markets are ... (full story)