Palladium traded around $1,250 per ounce, lingering near eight-month lows, as precious metals remained under pressure amid renewed Middle East tensions. Fresh US strikes pushed oil prices higher, fueling inflation concerns and casting doubt on a fragile ceasefire and broader peace prospects, while the Strait of Hormuz remained nearly closed. Rising energy costs heightened inflation fears and the risk of further central bank tightening, weighing on non-yielding assets. Additionally, palladium faced pressure from weaker catalytic converter demand due to the shift toward electric vehicles. However, losses were capped by tight supply conditions, including disruptions in South Africa and uncertainty over Russian exports.
Palladium rose to 1,296.50 USD/t.oz on June 12, 2026, up 3.76% from the previous day. Over the past month, Palladium's price has fallen 15.57%, but it is still 26.67% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palladium reached an all time high of 3440.76 in March of 2022. Palladium - data, forecasts, historical chart - was last updated on June 13 of 2026.
Palladium rose to 1,296.50 USD/t.oz on June 12, 2026, up 3.76% from the previous day. Over the past month, Palladium's price has fallen 15.57%, but it is still 26.67% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium is expected to trade at 1279.44 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1520.12 in 12 months time.