Platinum and Palladium Price Forecast: Oil Above $100 Raises Breakdown Risks - FXEmpire

AI desk brief

Platinum and palladium are under near-term pressure as oil moved above $100, Treasury yields rose and the U.S. dollar strengthened, with markets also bracing for a Fed rate hike. The article argues that higher energy costs are adding inflation and production-cost concerns while also threatening vehicle sales, which is negative for XPL/XPD demand in the near term.

The author says platinum still has the stronger long-term outlook, but sees both metals needing lower oil prices and softer rate expectations before a sustainable recovery can develop. The piece says it also reviews key technical levels to watch, but no specific price levels are included in the extract.