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Platinum, Palladium Extend Losses, Trading at $1,711 and $1,203 Per Ounce Today

2026-06-10 14:10:00

According to Bank of America, platinum and palladium fell to their lowest levels of the year as of today, with spot platinum trading at $1,711 per ounce, down more than 2% on the day, and palladium at $1,203 per ounce, up 0.5%. Both metals have declined since Friday's sell-off, with platinum down over 9% and palladium down 6% week-to-date. Despite the losses, Bank of America maintains a bullish year-end outlook, forecasting platinum prices to average around $3,000 per ounce by the fourth quarter of 2026 and through the first half of 2027, while palladium is expected to average around $2,200 per ounce in the final three months of 2026.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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