Bearish
Palladium prices decline 5.15% to $1,114 amid supply concerns and market surplus forecasts.
Over the past 24 hours, palladium prices have fallen by 5.15%, reaching $1,114 per ounce. This decline is attributed to concerns over a potential market surplus and ongoing supply issues in key producing countries.
Key points
- UBS forecasts a palladium market surplus in 2026 due to increased recycling and reduced demand for catalytic converters.
- Persistent supply vulnerabilities in South Africa and Russia continue to raise concerns over mined output.
- The U.S. Federal Reserve's recent interest rate hike may influence investor behavior in the palladium market.
Sources
AI-generated from public news sources. Not financial advice.
