Palladium Pulls Back on Profit-Taking

2026-08-26 16:28 By Larissa Caser 1 min. read

Palladium futures hovered near $1,330, easing from a one-week high amid profit-taking after US inflation data came broadly in line with market expectations.

Still, inflation remains above the Fed’s target, boosting expectations of a rate hike by year-end and weighing on demand for the non-yielding metal.

Investors also took profits across the metals complex following the US Treasury’s announcement of increased buybacks of long-term government debt aimed at lowering elevated borrowing costs.

On the industrial side, the Middle East conflict encouraged countries to reduce their exposure to volatile fuel costs, strengthening the case for investment in cheaper, domestically produced renewable energy.

Rising fuel prices are also supporting EV adoption, potentially reducing demand for platinum used in automotive catalysts.

Meanwhile, concerns over lower Russian palladium output and reduced refined production from South African processing disruptions continued to provide underlying support.



News Stream
Palladium Pulls Back on Profit-Taking
Palladium futures hovered near $1,330, easing from a one-week high amid profit-taking after US inflation data came broadly in line with market expectations. Still, inflation remains above the Fed’s target, boosting expectations of a rate hike by year-end and weighing on demand for the non-yielding metal. Investors also took profits across the metals complex following the US Treasury’s announcement of increased buybacks of long-term government debt aimed at lowering elevated borrowing costs. On the industrial side, the Middle East conflict encouraged countries to reduce their exposure to volatile fuel costs, strengthening the case for investment in cheaper, domestically produced renewable energy. Rising fuel prices are also supporting EV adoption, potentially reducing demand for platinum used in automotive catalysts. Meanwhile, concerns over lower Russian palladium output and reduced refined production from South African processing disruptions continued to provide underlying support.
2026-08-26
Palladium Eases From One-Week High
Palladium futures fell below $1,340, easing from a one-week high as profit-taking and a firmer US dollar limited gains ahead of US inflation data. The greenback strengthened on safe-haven demand following US sanctions on Iran and its trading partners, reducing demand for dollar-denominated precious metals after their recent gains. Investors also took profits across the metals complex following the US Treasury’s announcement of increased buybacks of long-term government debt aimed at lowering elevated borrowing costs. Attention now turns to US inflation data on Wednesday, which could provide further clues on the outlook for monetary policy. On the supply side, concerns over lower Russian palladium output and reduced refined production from South African processing disruptions continued to provide underlying support.
2026-08-25
Palladium Extends Gains to One-Week High
Palladium futures gained to around 1,350 per ounce, extending gains to a one-week high, as a weaker US dollar and renewed demand for precious metals supported prices. The dollar weakened after the US Treasury unexpectedly increased long-dated debt buybacks, with Treasury Secretary Scott Bessent signaling purchases could exceed $4 billion per issue, initially easing yield pressures and supporting non-yielding metals. Palladium also benefited from broader precious-metals gains, with gold on track for a third straight weekly gain. However, rebounding Treasury yields and higher energy prices could limit gains by keeping inflation risks and rate-hike expectations elevated. Meanwhile, heightened tensions between the US and Iran, including threats of tougher economic measures, supported safe-haven demand. On the supply side, concerns over lower Russian palladium output and reduced refined production from South African processing disruptions continued to provide underlying support.
2026-08-21