Platinum and palladium futures swing wildly, with a high-volatility environment persisting in the short term [SMM Platinum and Palladium Weekly Review]
Platinum and palladium futures swung wildly this week (August 28–September 3), with palladium fluctuating more sharply. Early in the week, hawkish signals from Jackson Hole boosted rate hike expectations, and the still-unsettled US-Iran situation, combined with bulls taking profits, pushed futures sharply lower. Toward the end of the week, prices recovered somewhat as ADP data came in below expectations. Going forward, the focus will be on US inflation and the September FOMC meeting, with a high-volatility environment likely to persist in the near term.