Platinum Surges 9.18%, Palladium Up 8.51% on Aug 5 Amid Supply Concerns

XPT-2.40%
XPD-2.91%
According to Huawen Futures, platinum and palladium futures contracts surged on Aug 5, with pt2610 rising 9.18% to 441.15 and pd2610 up 8.51% to 329.65. Both contracts gapped higher and posted intraday gains exceeding 5%, breaking out from prior consolidation ranges. Supply deficit expectations, improved sentiment following Middle East tensions easing, and a stronger yen amid U.S.-Japan intervention supported the precious metals rally.
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