『Palladium Pals: Rallying to New Heights in Auto & Hydrogen』のカバーアート

Palladium Pals: Rallying to New Heights in Auto & Hydrogen

Palladium Pals: Rallying to New Heights in Auto & Hydrogen

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This is your Daily Palladium Price Tracker with Vanessa Clark podcast.

Hey friends, welcome back to Daily Palladium Price Tracker with me, Vanessa Clark. Today were diving into the hottest updates on palladium, including that current trading price you all love to hear about, plus some key news shaking up the market. Grab your coffee, and lets chat like old pals about what this shiny metal is doing right now.

First off, the big one: as of this evening, palladium is trading at around 1590 dollars per troy ounce. Trading Economics reports it hit 1586 dollars earlier today, up a solid 4.82 percent from yesterday, and even touched 1591.50 with a 5.19 percent gain in the latest intraday spike. Kitco News backs this up, noting it climbed to a two-month high of 1564.25 dollars, surging 5.2 percent. What a rally! Over the past month, its up 13.45 percent, and year-over-year, were looking at a whopping 70 percent jump. Palladium is on fire, folks.

Why the surge? Demand from catalytic converters in cars is picking up, especially with Chinas auto sales rising 3.4 percent in November to an 11-month high. South Africas platinum-group metals production grew 3.9 percent in October, but supply is still tight. The Federal Reserve just cut rates by 25 basis points, and Chair Jerome Powell says hikes are off the table, boosting commodity vibes. Plus, eyes are on the European Unions carbon emission rules decision tomorrow, December 16, where the 2035 ban on combustion engines might slip to 2040. Nornickel, the top palladium producer, sees a balanced market this year, but a potential deficit if investment demand kicks in. Futures are surging too, with palladium up 4.73 percent on some exchanges amid hydrogen energy buzz.

For you traders and investors out there, heres your actionable takeaway: with this upward momentum, keep an eye on support around 1522 dollars by quarter end per Trading Economics forecasts. If youre buying, watch for dips near recent lows, but volatility is real, so set stop-losses and diversify. Palladium could hit 1720 dollars in 12 months if demand holds.

Thats your daily scoop, friends. Thanks for tuning in to Daily Palladium Price Tracker. Hit subscribe, share with a buddy eyeing commodities, and well catch you next time for more palladium action. Stay smart out there!

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