Palladium Price OutlookPalladium prices roared again in recent weeks, after a spectacular surge from August 2018 had abruptly reversed in March this year. Palladium prices are now firmly above gold prices and close to March’s all-time high. On 5 July, palladium closed the day at USD 1,574 per troy ounce, which was up 16.9% from the same day of the previous month. The price was 24.6% higher on a year-to-date basis and was up 66.2% from the corresponding day last year. Palladium prices were likely supported by a weaker USD in June, after the Federal Reserve hinted that interest rate cuts could be on the cards going forward. Moreover, uncertain global economic momentum likely supported safe-haven demand. Palladium-specific factors were also at work. Supply is tight due to a lack of new mining capacity, while tougher global emission standards are supporting automotive demand—despite declining vehicle sales so far this year in key markets such as China, the EU and the U.S. Speculative demand was another potential factor driving up 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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