Palladium Hovers Near 8-Month Low

2026-06-22 13:28 By Larissa Caser 1 min. read

Palladium held near $1,270 per ounce, remaining close to its lowest level since late September as easing geopolitical risk premiums and softer energy markets weighed on sentiment.

US and Iran negotiators reported major advances toward a longer term settlement, helping calm fears of severe supply disruptions through key shipping routes, even as tensions persist from the conflict in Lebanon involving Israel and Hezbollah.

Lower crude oil prices have reduced inflation pressures and eased fears of further energy driven tightening, but expectations of higher for longer interest rates continue to pressure non yielding assets like palladium.

Market sentiment is also undermined by a projected surplus in the platinum group metals complex.

On the demand side, structural change in China’s auto sector adds further headwinds, with electric vehicles rapidly gaining share and reducing long term demand expectations for palladium used in catalytic converters in traditional combustion engines.



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Palladium Hovers Near 8-Month Low
Palladium held near $1,270 per ounce, remaining close to its lowest level since late September as easing geopolitical risk premiums and softer energy markets weighed on sentiment. US and Iran negotiators reported major advances toward a longer term settlement, helping calm fears of severe supply disruptions through key shipping routes, even as tensions persist from the conflict in Lebanon involving Israel and Hezbollah. Lower crude oil prices have reduced inflation pressures and eased fears of further energy driven tightening, but expectations of higher for longer interest rates continue to pressure non yielding assets like palladium. Market sentiment is also undermined by a projected surplus in the platinum group metals complex. On the demand side, structural change in China’s auto sector adds further headwinds, with electric vehicles rapidly gaining share and reducing long term demand expectations for palladium used in catalytic converters in traditional combustion engines.
2026-06-22
Palladium is down by 5.02%
Palladium decreased 5.02% to 1295 USD/t.oz
2026-06-18
Palladium Steadies After 8-Month Low
Palladium hovered near $1,350 per ounce, steadying after an eight-month low as easing Middle East tensions boosted risk appetite across commodity markets. Brent crude futures fell below $80 a barrel after dropping nearly 5% in the previous session following the announcement of an interim US-Iran peace deal. Falling oil prices led investors to scale back expectations for further Fed tightening, with the probability of a December rate hike dropping to about 60% from roughly 70% a week earlier. Lower rate expectations weighed on Treasury yields and supported precious metals. Additional support came from short covering, while investors continued to monitor supply risks and the outlook for automotive demand. Market participants are awaiting a series of central bank meetings this week, including the Fed's rate decision on Wednesday, the first under new Chair Kevin Warsh. Over the past month, palladium has fallen 3.84%, but remains 30.39% higher than a year ago.
2026-06-17