Platinum main contract gains more than 4% during daytime trading; Geopolitical tensions may impact demand and limit the rebound space.

The initial futures research report believes that, from the current situation, despite occasional news of easing tensions, the fact that the Hormuz Strait is still restricted remains unchanged. The US-Iran conflict is ongoing, and the sustained high oil prices have started to affect the cost of fuel for cars, which is not favorable for platinum and palladium demand. Currently, it is believed that there may be limited room for platinum and palladium to rise. Hualian Futures research report analysis shows that global platinum has been in short supply for two consecutive years, with the shrinking supply of platinum, rising industrial demand, and low prices stabilizing demand for jewelry and investment. It is predicted that the supply-demand gap for platinum will still exist in the coming years, so the long-term outlook for platinum fundamentals is positive.