NewsSignals AI analysis·Reuters·
HSBC cuts platinum, palladium average 2026 price forecasts
Grade Bbearish AI signal$XPT$XPD
HSBC cut its 2026 average price forecasts for platinum and palladium, citing investor liquidation and weakening demand as both metals face near-term pressure.
The bank lowered its palladium forecast to $1,436 per ounce from $1,546 and set platinum at $1,925, while forecasting platinum market deficits through 2027.
Despite recent declines, constrained mine supply and potential renewed demand for hard assets could support a recovery in both metals.
Bullish strength: 35/100
- HSBC forecasts platinum market deficits of 344,000 ounces in 2026 and 825,000 ounces in 2027.
- Constrained mine supply could support platinum and palladium prices.
- HSBC sees potential for both metals to recover, with palladium potentially fundamentally undervalued.
Bearish strength: 65/100
- HSBC lowered its 2026 average price forecasts for both platinum and palladium.
- Weak auto and jewelry demand and heavy ETF and long-position liquidation have pressured platinum.
- Spot platinum fell 3.7% and spot palladium declined 2.8% in the reported market session.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.