Palladium Price OutlookPalladium prices have continued their stellar run over the last month, and in December moved above gold prices for the first time in well over a decade. On 11 January, palladium closed the day at USD 1,327 per troy ounce, which was up 5.7% from the same day of the previous month. In addition, the price was up 23.1% from the corresponding day last year and was 5.1% higher on a year-to-date basis. The key market drivers are still the same. On one hand, supply is tight, with substantial supply deficits forecast for this year and next. At the same time, demand is buoyant, supported by the EU’s shift from diesel to gasoline and hybrid vehicles—which use more of the commodity in catalytic converters—following recent emissions scandals and changes to government policy. Stricter environmental legislation in China is also boosting the usage of the metal, and speculative buying likely stoked prices even further, as investors piled into the commodity due to optimism over future prospects. Moreover, palladium prices likely benefited from a wider uptick in precious metal prices over the last month, as concerns rose over the health of the global economy.
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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