Spot platinum just broke through the $1,850.00/oz level, last quoted at $1,850.17/oz, up 1.12% on the day; Nymex platinum futures main contract last quoted at $1,859.3/oz, up 0.80% on the day.

Spot platinum has just surpassed the $1,840.00/oz mark, now quoted at $1,839.92/oz, up 0.56% on the day; Nymex platinum futures main contract is now quoted at $1,851.4/oz, up 0.37% on the day.

Palladium futures rose by 2% intraday, currently quoted at $1,367.45 per ounce. As a precious metal, the price fluctuations of palladium are typically related to changes in global industrial demand, market supply and demand dynamics, geopolitical developments, and the movement of the US dollar index. Short-term price increases may also be driven by temporary market trading sentiment.

Sources report that U.S. President Trump is expected to convene a meeting with American refiners and fuel retailers next week, focusing on measures the government has taken to lower gasoline prices.

Federal Reserve’s Collins: The latest PCE report does not change the baseline assessment; the current monetary policy remains restrictive and will drive inflation to gradually decline.