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.