Platinum and Palladium Price Forecast: Selloff Deepens After PCE - FXEmpire

AI desk brief

Platinum and palladium are extending a bearish break after hotter PCE inflation reinforced expectations for higher-for-longer rates, with the article arguing that tighter financing conditions could weaken auto/catalyst demand. Platinum fell 3.60% on Thursday and is seen probing the $1,350 support area after breaking below $1,700, while palladium dropped 0.92% and is testing the long-term $900-$1,100 support zone after losing $1,290.

The piece says both metals are oversold, so rebound risk is rising, but the short-term bias remains lower unless platinum recovers above $1,700 or palladium regains $1,100-$1,200. A monthly close below $900 in palladium would be especially bearish, while a move back above $1,200 could reopen $1,450.