Palladium Price OutlookPalladium prices continued their inexorable rise over the last month, reaching fresh all-time highs and moving further clear of prices for fellow precious metal gold. On 29 November, palladium closed the day at USD 1,832 per troy ounce, which was 2.9% higher than on the same day of the previous month. The price was up 45.1% on a year-to-date basis and was 56.0% higher than on the corresponding day last year. The rise in palladium prices came despite seemingly soft safe-haven demand—amid progress on the U.S.-China trade front and less worrying signs regarding the global economy—which weighed on the prices of other precious metals. Demand for palladium is being spurred by the EU’s shift from diesel to gasoline vehicles—which use more of the metal in catalytic converters—and tighter environmental regulations for vehicles in China. In addition, production is constrained, as most palladium is produced as a by-product of other metals, making it difficult to ramp up production quickly to respond to high demand. Speculative buying and the small size of the palladium market have likely added further impetus to prices.
Palladium Price History Data (USD per troy ounce, aop)
Price forecasts and historical data for Energy, Metals and Agricultural Commodities.
Palladium Historical Price Chart
Price forecasts and historical data for Energy, Metals and Agricultural Commodities
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