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Shouchuang Futures: No clear cooling signals, platinum and palladium drop sharply
This morning at 9 a.m., Trump delivered a nationwide speech. The market initially bet that he would send a cooling signal, but instead, a new threat emerged. Crude oil surged sharply, and the market returned to concern. Influenced by the speech, platinum and palladium prices fell significantly today, with declines exceeding 3%, erasing previous gains. From Trump’s speech, it appears that the conflict will last at least another month. High oil prices will cause considerable damage to the global economy, and the global automotive industry will also suffer heavy losses. Demand for platinum and palladium is declining, and prices may revisit lower levels to seek support. (Chuangchuang Futures)