Platinum and Palladium Extend Declines as Bank of America Holds Bullish Year-End Price View

Platinum and palladium have reached their lowest levels of the year amid a broad sell-off in precious metals. Bank of America analysts cite macro headwinds from the Middle East conflict but remain bullish into year-end, forecasting platinum near $3,000 per ounce by Q4 2026 and palladium around $2,200. Spot prices stand at $1,711 for platinum (down over 2%) and $1,203 for palladium (up 0.5%), with drops exceeding 9% and 6% since Friday.