Precious metal prices surged sharply following the announcement of a ceasefire between the US and Iran

The cost of futures on precious metals - platinum, palladium, gold, and silver - on the New York Mercantile Exchange (NYMEX) and the Comex exchange (a division of NYMEX) is showing growth of up to 7% against the backdrop of a two-week ceasefire with Iran announced by US President Donald Trump.

As reported by BAKU.WS, this follows from trading platform data.

As of 09:20 Baku time, the price of the palladium futures contract with delivery in June 2026 on NYMEX stood at 1,543 dollars per troy ounce (+5.93%), while the platinum futures contract with delivery in July 2026 was up 4.76%, to 2,040.7 dollars per troy ounce.

At the same time, the price of gold with delivery in June 2026 on the Comex exchange stood at 4,838.5 dollars per troy ounce (+3.28%), while the silver futures contract with delivery in May 2026 was trading at 76.84 dollars per troy ounce (+6.74%).