Palladium Prices

Palladium prices averaged USD 1,440 per troy ounce in May, down 5.0% from April. On 29 May, the commodity traded at USD 1,384 per troy ounce, down 6.7% from 30 April.

In May, palladium prices fell for the fourth consecutive month, posting the sharpest decline in the precious metals complex. Losses reflected tighter financial conditions as investors shifted their expectations toward the Federal Reserve keeping interest rates higher for longer, reducing support for non-yielding assets. At the same time, tight supply from South Africa and uncertainty regarding potential U.S. tariffs on Russian exports supported prices.