Palladium futures fell to a nine-week low of $915 per ounce, retreating from late-October highs, pressured by a stronger U.S. dollar following Donald Trump’s election victory. Potential new tariffs under Trump could impact foreign trade and palladium demand, exerting further pressure on prices. However, demand remains stable due to palladium's essential role in catalytic converters for internal combustion engines, with no major shift away from these engines anticipated in the near future, particularly in the U.S. Since early October, ETF inflows for palladium have surged, reaching 178,000 ounces and bringing the year-to-date total to 278,000 ounces.
Palladium decreased 102.49 USD/t oz. or 9.33% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palladium reached an all time high of 3440.76 in March of 2022. Palladium - data, forecasts, historical chart - was last updated on November 27 of 2024.
Palladium decreased 102.49 USD/t oz. or 9.33% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium is expected to trade at 1019.45 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 919.85 in 12 months time.