Palladium Crashes Below $1,400

2026-03-23 10:57 By Joana Ferreira 1 min. read

Palladium futures plunged below $1,400 per ounce, their lowest since early October, as a broad metals sell-off deepened amid the Middle East conflict.

A resurgent US dollar and climbing bond yields reduced demand for non-yielding assets, while persistent inflation concerns strengthened expectations of monetary tightening by key central banks.

Palladium also remained under pressure from profit-taking, weakening automotive demand, and growing supply.

After a strong rally in late 2025 and early 2026, when prices reached their highest since 2022, investors are now locking in gains, triggering further declines.

The rapid transition to battery-electric vehicles (EVs), which do not require palladium, is dramatically reducing demand, while the market shifts into surplus due to increased recycling and stable production.



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