Palladium and Platinum Prices Drop as European Session Opens

Palladium and Platinum Prices Fall at Start of European Session

Precious Group Metals (PGMs) opened lower on Friday as both palladium and platinum came under bearish pressure in early European trading. According to FXStreet data, palladium (XPD) fell to $959.22 per troy ounce, slipping from the previous close of $964.05, as the XPD/USD pair showed signs of continued weakness.

Platinum (XPT) also declined, currently trading at $991.20 per ounce, down from $994.10 at Thursday’s close. The drop in rare metal prices reflects broader market caution amid fluctuating demand expectations and the stronger US Dollar’s impact on commodities.

The move comes as traders remain cautious about the global economic outlook and potential monetary policy shifts, which continue to influence precious metals. Both XPD and XPT may see further volatility as investors assess inflation data, central bank commentary, and industrial demand indicators in the coming days.