Palladium Prices

Palladium prices averaged USD 1,309 per troy ounce in September, down 2.9% from August. On 30 September, the commodity traded at USD 1,222 per troy ounce, down 15.4% from 31 August.

In September, average palladium prices fell again, resuming the six-month decline that had been interrupted by gains in August, with the steepest losses among the precious metals complex. The decline was driven primarily by a stronger U.S. dollar and elevated Treasury yields, which reduced the appeal of non-yielding, dollar-denominated metals.