Escalating Geopolitical Conflict in the Middle East, Coupled With a Reversal in Rate Hike Expectations, Put Platinum and Palladium Under Pressure for Sharp Declines Last Week [SMM Platinum and Palladium Weekly Review]
![Escalating Geopolitical Conflict in the Middle East, Coupled With a Reversal in Rate Hike Expectations, Put Platinum and Palladium Under Pressure for Sharp Declines Last Week [SMM Platinum and Palladium Weekly Review]](https://static.metal.com/common.metal.com/images/header-en/smm-logo.png){kind=logo}
AI Briefing
- Global tensions in the Middle East continue to escalate, with heightened concerns over Iran and the US-Iran conflict
- US Federal Reserve's shift in rate hike expectations has sparked a sell-off in platinum and palladium prices
- Platinum and palladium prices plummet, dropping over 8% and 15% respectively, amidst the geopolitical turmoil
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