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Precious metals · Comment Analysis 10-30 Published

Fed's "hawkish pause" hits precious metals hard, Shanghai siver plummets by 6.39%, platinum and palladium hit new lows since listing

On Friday, October 30, 2026, the domestic precious metals sector witnessed a broad decline, with multiple contracts hitting new lows in the recent period: Shanghai Silver hit its lowest level since last November, while the platinum and palladium contracts on the Guangzhou Futures Exchange even plummeted to all-time lows since their listing. In terms of closing data, Shanghai Gold fell by 1.65% to 855.18 yuan per gram; the decline of Shanghai Silver significantly widened, diving 6.39% to close at 12,093 yuan per kilogram; platinum and palladium on the Guangzhou Futures Exchange weakened in tandem, dropping by 5.92% and 3.03% respectively.

✍️ CCMN yangxf Editorial Team
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Precious Metals
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