Platinum Rebounds 1.32%, Palladium Falls 1.20% on June 1 as Macro Headwinds Persist

XPD-0.69%
XPT0.14%
According to China International Futures, platinum and palladium prices diverged on Monday (June 1). Platinum futures rose 1.32% to 479.25 yuan/gram, while palladium futures fell 1.20% to 321.50 yuan/gram. The divergence reflects differing fundamental outlooks: platinum benefits from 2026 supply deficits and hydrogen energy narratives, while palladium faces headwinds from automotive electrification trends. However, both metals remain under pressure from elevated U.S. interest rates and dollar strength, which continue to suppress demand for non-yielding assets.
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