Guangdong approves 1,170 key construction projects for 2019

[SMM Daily Review: Weaker US Dollar and Record Gold ETF Inflows Provide Dual Support for Silver Prices] SMM, September 10: The US dollar declined for three consecutive days, and gold ETFs attracted $18 billion in a single month, the second-highest on record, providing support for precious metals. The rise in spot silver prices dampened demand, with transactions leaning toward parity and the spot-futures price spread remaining firm.

[SMM Flash] Platinum could continue to outperform palladium over the longer term despite near-term pressure from a stronger US dollar and elevated Treasury yields, according to a September 2 analysis by FX Empire. Platinum had fallen towards $1,725/oz while palladium traded near $1,290/oz, with the analyst identifying $1,650–1,700/oz as an important platinum support zone and around $1,200/oz as key support for palladium. The analysis attributed near-term pressure on both metals partly to higher interest-rate expectations. FX Empire argued that platinum retains stronger medium-to-long-term fundamentals because of constrained supply and potential new industrial demand. The analysis cited expectations for continued platinum and palladium market deficits alongside potential platinum demand from hydrogen-truck adoption. Palladium's longer-term outlook was described as more dependent on petrol and hybrid vehicle demand as battery-electric vehicle penetration increases. These price levels and relative-performance expectations represent analyst technical analysis and commentary rather than confirmed market forecasts.