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This is your Daily Palladium Price Tracker with Vanessa Clark podcast.
Welcome to the Daily Palladium Price Tracker with Vanessa Clark, your go-to source for everything happening in the world of palladium. I'm Vanessa, and I'm so excited to walk through today's action with you—because it has been quite a week for this precious metal, and I want to make sure you know what's going on, what it means for you, and what you should keep an eye on moving forward.
Let's jump right into the numbers, because today's story is all about a big swing in palladium prices. According to Trading Economics, palladium closed around $1,515 per troy ounce, which is a pretty steep drop—about 9 to 10 percent from just a day ago. That’s right, after recently hitting its highest level since April 2023 at over $1,665, prices took a breather and softened back down near the $1,500 mark. If you’re new to palladium, or just tracking prices, here’s why this matters: The metal had been on a tear, up about 30 percent over the past month and more than 40 percent from a year ago, so a pullback like this is pretty significant.
Now, what’s driving these wild moves? Well, according to recent reports, a few big factors are at play here. First, US-China trade tensions have made palladium—and other metals—a popular safe-haven pick for investors worried about global risks. Expectations that the Federal Reserve might cut interest rates have also given the metal a boost, because lower rates can weaken the US dollar, which often lifts dollar-denominated commodities. Plus, demand remains strong—especially from the hybrid vehicle sector, which uses palladium in catalytic converters. China’s “Golden September and Silver October” auto sales peak season is a key time for palladium demand, but supplies from big producers like South Africa, a major palladium producer, have actually declined, which has helped underpin prices.
But as with anything in the markets, nothing goes up in a straight line. Today’s dip probably reflects some investors taking profits after that huge run-up, especially with all the geopolitical headlines swirling around—like US President Trump and Russian President Putin reportedly agreeing to another summit on the Ukraine war, and ongoing tussles over rare earth exports between the US and China. All of these factors are keeping traders on their toes and causing price swings that can feel pretty intense if you’re keeping a close eye on your investments.
So, what’s next for palladium? Analysts seem to think the longer-term outlook is still positive, citing a strong trend in the charts and supportive fundamentals. That means, while today’s drop might feel scary, the metal’s price could still find its way higher if demand stays strong and supply remains tight. Of course, if you’re trading or investing in palladium, it’s always smart to keep an eye on support levels—usually around $1,190 to $1,250—where the price could find a floor if things get rocky. But for now, the trend still looks friendly for bulls, and palladium stays in focus as one of the most interesting stories in the commodity world.
Let’s talk practical tips. If you’re considering a palladium play, remember that volatility like this can create opportunities, but you need to stay disciplined—set stop losses, don’t chase the price too high, and keep up with the news flow. These big moves can change direction quickly, so patience and a plan will serve you well. And if you’re interested in diversifying beyond physical metal, remember there are ETFs like PALL which track palladium prices and have also seen a big surge this year.
Before I wrap up, I just want to say thank you for tuning in to the Daily Palladium Price Tracker. If you found today’s episode helpful, please hit subscribe so you never miss an update. And if you have any questions or topics you’d like us to cover, drop me a line via your favorite podcast app—I love hearing from you. Until next time, keep those portfolios diversified and those eyes on the palladium charts. I’ll see you tomorrow for more market insights and actionable tips on the Daily Palladium Price Tracker. Take care, and have a great day!
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