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Platinum Rises, Palladium Falls on Inflation Surge; U.S. PPI Hits 6% on May 14

GateNews
Metals
XPTUSD-0.74%
XPD-3.63%
ON-12.56%
MAY0.18%

According to GuoXin Futures (via Jin10), on Thursday, May 14, platinum and palladium prices diverged. Platinum futures on the Guangdong Exchange rose 0.10% to close at 530.80 yuan/gram, while palladium futures fell 0.45% to 364.05 yuan/gram. The divergence followed the U.S. Senate confirmation of Powell as Federal Reserve chair and a surge in April PPI to 6% year-over-year, the highest since 2022, along with a 1.4% month-over-month increase. The inflation data strengthened market expectations for potential rate hikes, pressuring the industrial metals. Platinum showed relative resilience due to anticipated 2026 supply deficits, while palladium weakened amid continued headwinds from automotive electrification trends.

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