Bullish
Palladium hits 12-week high, trading at $1,395 per ounce on August 28, 2026.
Palladium prices surged to a 12-week high, reaching $1,395 per ounce on August 28, 2026, driven by increased demand and supply constraints. The metal's price has risen 11.22% over the past four weeks and 25.95% over the last 12 months.
Key points
- Palladium's price increased by 5.04% to $1,406.50 per ounce on August 28, 2026.
- Spot palladium surged 8% intraday to $1,457.21 per ounce on August 28, 2026.
- South African PGM miners reported higher sales in the first half of the year, indicating stable supply.
- Major producing countries, particularly Russia and South Africa, continue to face geopolitical tensions and operational challenges, potentially constraining supply.
Sources
AI-generated from public news sources. Not financial advice.
