Palladium Price OutlookPalladium prices have recovered somewhat in recent days, after falling to a one-year low of USD 886 per troy ounce on 19 July. On 3 August, palladium closed the day at USD 920 per troy ounce, which was down 3.6% from the same day of the previous month. In addition, the price was 12.9% lower on a year-to-date basis. That said, palladium prices are still above the prices seen last summer after climbing steadily at the end of 2017 and start of 2018. The price was up 2.8% from the corresponding day last year. A strong dollar and broad sell-off of precious metals have fueled the recent fall in palladium prices. A healthy U.S. economy and rising interest rates have boosted the dollar and made precious metals relatively inexpensive. In addition, fears of the economic impact from a global trade war between the U.S. and China are also weighing on the metal, as a trade war has the potential to slow global growth and hence automobile demand. However, the metal’s fundamentals are still supporting higher prices compared with last year. The palladium market remains in deficit as demand has outstripped supply for several years, and mine production remains lackluster.
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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