Palladium And Platinum Have Officially Begun Trading On The Guangzhou Futures Exchange (GFEX)

Photo by Prahant Designing Studio on UnsplashThe US stock indices did not trade yesterday due to the US banking holiday (Thanksgiving).Bitcoin climbed back above $91,000, continuing its recovery from a seven‑month low. The rally coincided with improved overall sentiment in financial markets amid expectations of deeper Fed easing. Other major digital assets, Ethereum, Ripple, and Solana, also posted gains. Analysts noted that the latest rally partly reflects a technical rebound from oversold conditions, amplified by improved market sentiment and a favorable macroeconomic backdrop.European equities mostly rose on Thursday. Germany’s DAX (DE40) gained 0.18%, France’s CAC 40 (FR40) closed 0.04% higher, Spain’s IBEX 35 (ES35) rose 0.04%, and the UK’s FTSE 100 (UK100) ended positive 0.02%. Support for European assets this week came from the sustained probability of a ceasefire between Ukraine and Russia, which bolstered overall market sentiment.Palladium held near $1,420/oz, its highest level since mid‑November, supported by the launch of palladium futures trading in China and growing expectations of Fed easing in December. Palladium futures officially began trading on the Guangzhou Futures Exchange on November 27, providing market participants with additional hedging tools and boosting optimism about Chinese demand. Since the start of the year, palladium has risen about 40%, slightly lagging behind gold, silver, and platinum.Platinum rose to $1,620/oz, its highest since October 20, following the launch of a new physically delivered futures contract on the Guangzhou Futures Exchange. The availability of contracts for both institutional and retail investors is expected to expand market participation and optimism about Chinese demand. Platinum has gained more than 70% year‑to‑date. According to the World Platinum Investment Council, a deficit of 69,200 ounces is expected in 2025 – the third consecutive annual shortfall.WTI crude traded around $59/barrel on Friday, heading for a fourth consecutive monthly decline – the longest losing streak in over two years. Market pressure is mounting due to oversupply concerns: OPEC+ has restored part of its production, while non‑OPEC countries have increased output, reinforcing prognoses of a global surplus. Market attention now turns to OPEC+’s virtual meeting on Sunday, where the alliance is expected to maintain its plan to pause production increases at the start of 2026.Asian stocks mostly rose yesterday. Japan’s Nikkei 225 (JP225) gained 1.23%, China’s FTSE China A50 (CHA50) rose 0.91%, Hong Kong’s Hang Seng (HK50) added 0.07%, and Australia’s ASX 200 (AU200) closed 0.13% higher.New Zealand dollar: The NZD held near 0.572 USD amid hawkish signals from the Reserve Bank of New Zealand. Despite cutting the base rate by 25 bp to 2.25%, its lowest since June 2022, the regulator indicated the easing cycle is nearing completion. Over the week, NZD strengthened nearly 2%, heading for its best weekly performance since April.S&P 500 (US500) 6,812.61 0 (0%)Dow Jones (US30) 47,427.12 0 (0%)DAX (DE40) 23,767.96 +41.74 (+0.18%)FTSE 100 (UK100) 9,693.93 +2.35 (+0.024%)USD Index 99.55 -0.05% (-0.05%) News feed for: 2025.11.28Japan Tokyo Core CPI (m/m) at 01:30 (GMT+2); – JPY (MED)Japan Unemployment Rate (m/m) at 01:30 (GMT+2); – JPY (MED)Japan Retail Sales (m/m) at 01:50 (GMT+2); – JPY (MED)Switzerland GDP (q/q) at 10:00 (GMT+2); – CHF (MED)German Retail Sales (m/m) at 10:50 (GMT+2); – EUR (MED)German Unemployment Rate (m/m) at 10:55 (GMT+2); – EUR (LOW)German Inflation Rate (m/m) at 15:00 (GMT+2); – EUR (MED)Canada GDP (m/m) at 15:30 (GMT+2). – CAD (MED)More By This Author:Stock Indices Continue To Rise Amid Growing Expectations Of A December FOMC Rate Cut The RBNZ Lowered The Interest Rate To 2.25% Fed Officials Hint At A December Rate Cut