Palladium Price OutlookPalladium prices have receded slightly in recent weeks, although they have still managed to hold on to many of the gains made since June. On 9 September, palladium closed the day at USD 678 per troy ounce, which was down 1.3% from the same day in August. However, the price was 22.2% higher on a year-to-date basis and was up 16.7% from the corresponding day in 2015 as pent-up demand and high global uncertainty have fueled a rally in prices this year. Weak automobile sales data has put some pressure on the price of palladium and contributed to the slight fall at the beginning of September. In addition, part of the pullback is likely due to profit-taking after palladium hit an over-one-year high at the start of August. However, the low interest rate environment across the globe and healthy automobile demand from China are limiting the price slide. Moreover, the gains in palladium prices seen in the past months come against a wider improved performance across the precious metals market.
Palladium Price History Data (USD per troy ounce)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Note: London Metal Exchange (LME) Palladium, prices in USD per troy ounce (toz). Prices are average of period (aop).
Palladium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities