In a significant move to stabilize the trading environment, the Guangzhou Futures Exchange (GFEX) has unveiled new trading limits for platinum and palladium contracts, set to take effect on December 29. This decision follows a period of heightened volatility in the precious metals market, and the publication provides the following information:
Platinum Prices Surge to All-Time High
Platinum prices recently surged to an all-time high, prompting concerns over potential market instability. Following this peak, the market experienced a notable pullback, highlighting the need for regulatory measures. Similarly, palladium has faced considerable price fluctuations, further underscoring the volatile nature of these commodities.
GFEX Implements New Trading Limits
The GFEX's new trading limits are designed to mitigate risks and ensure a more orderly trading environment. By implementing these measures, the exchange aims to protect investors and maintain market integrity amid ongoing price uncertainties.
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