Palladium Surges 5.88%, Platinum Up 3.51% on Shanghai Futures Exchange on June 12

On June 12, platinum and palladium futures rallied on the Shanghai Futures Exchange, with palladium leading precious metals gains. Platinum futures rose 3.51% to 431.0 yuan per gram, while palladium surged 5.88% to 314.4 yuan per gram, according to China Securities Futures.

The rally was driven by easing geopolitical tensions following signals that military action had been halted and trade negotiations were progressing, along with a decline in the U.S. dollar index, reducing macroeconomic headwinds for industrial metals and non-yielding assets.