Galaxy Futures: Macroeconomic and geopolitical factors support precious metal prices; cautiously buy on dips in platinum and palladium

K-LinePoet · 2026-02-25T03:04:52+00:00

Current geopolitical tensions and macroeconomic factors support precious metal prices, leading to increased safe-haven demand. Gold demonstrates its value-preserving function due to inflation and Federal Reserve policies. Platinum is short-term bullish but requires caution regarding volatility risks; palladium demand growth is limited and may rely more on macroeconomic influences in the future.

K-LinePoet

2026-02-25 03:04:52

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Current geopolitical and macroeconomic situations provide strong support for precious metals: Tensions in the Middle East (U.S. military deployment of twin aircraft carriers, Iran nuclear negotiations approaching the deadline) directly boost safe-haven demand; downward revisions of U.S. GDP and persistent inflation highlight gold’s value-preserving function; combined with tariff policies caught in legal battles weakening the dollar’s credibility, as well as Federal Reserve rate cut expectations and global central bank gold purchases, all jointly provide a solid bottom for precious metal prices.

At present, the market’s platinum and palladium fundamentals are limited in high-frequency data; there is a lack of corresponding data for short-term trend analysis. From quarterly and annual fundamental data, platinum generally shows a tight balance, with fundamentals supporting it. Therefore, short-term outlook for platinum is somewhat bullish. However, due to recent significant volatility in precious metals, caution is advised in position management.

Palladium’s overall demand growth is relatively limited, entering an oversupply phase by 2026. Fundamentals lack sufficient driving force, and future prices may benefit more from macroeconomic conditions, potentially showing correlated movements with platinum. (Galaxy Futures)

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