China's GFEX has announced new trading limits for platinum and palladium contracts, effective December 29, 2025. The limits apply to contracts PT2606–PT2612 and PD2606–PD2612. This move comes as platinum prices surged to $2,377.50 before settling at $2,220.44, marking a 145% increase year-to-date. Meanwhile, palladium prices fell over 9% to $1,683.58, yet have risen 85% in 2025. The volatility in precious metals markets has been underscored by silver prices in Shanghai reaching $80 per ounce, contributing to a heightened fear and greed index. The increased trading volume in these metals has added to market stress, prompting GFEX to implement these measures.