Palladium is down by 5.14%

Palladium futures dropped to around $1,650 per ounce, close to their lowest levels since mid-December, as rising energy prices strengthened the US dollar and increased expectations that interest rates may stay high for longer. Oil prices surged, with Brent Crude briefly approaching $120 per barrel as production cuts and supply disruptions emerged across the Persian Gulf. As oil climbs, investors worry about renewed inflation in the US, raising the likelihood that the Federal Reserve could delay rate cuts or even consider additional tightening. Higher interest rates and a stronger dollar tend to pressure precious and industrial metals because they offer no yield and become more expensive for buyers using other currencies. On the supply side, the market remains tight, with output disruptions in South Africa and ongoing uncertainty over Russian exports constraining available volumes.

Palladium decreased 5.14% to 1577 USD/t.oz

Palladium decreased to 1627.00 USD/t.oz, the lowest since January 2026. Over the past 4 weeks, Palladium lost 5.98%, and in the last 12 months, it increased 73.24%.