CITIC Futures: U.S.-Iran situation fluctuates, platinum prices fluctuate and move sideways

robot
Abstract generation in progress
U.S. May ADP employment increased by 122k, higher than the expected 117k and the previous 109k.
Along with the further manifestation of "stagflation-like" characteristics in the U.S. and the increasing internal division within the Federal Reserve, CME FedWatch shows that the market no longer expects the Federal Reserve to cut interest rates in the next two years, but instead is increasingly pricing in rate hikes, putting significant upward pressure on platinum prices.
Additionally, in the Middle East, the overall situation between Iran and the U.S. remains easing, but there have still been some setbacks during the process.
In the short term, although the Iran-U.S. situation has eased, disagreements still exist, and the market's expectation of Fed rate hikes has strengthened, limiting the upside potential for platinum prices.
In the long term, the damage to the Federal Reserve's independence caused by Trump and the loosening trend of the global political and economic order have not undergone fundamental changes, and the long-term weakening of the dollar index is favorable for the valuation of platinum.
(China Securities Futures)
XPT-0.82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned