Bearish
Palladium prices remain near seven-week low amid tight supply and demand concerns.
Palladium prices have recently declined to their lowest levels in seven weeks, hovering around $1,262 per ounce. This downturn is attributed to a combination of factors, including rising sovereign yields, hawkish Federal Reserve signals, and a projected market surplus due to increased recycling and reduced consumption in catalytic converters.
Key points
- Palladium prices fell to $1,262 per ounce, the lowest since August 2026, amid rising sovereign yields and hawkish Federal Reserve signals.
- UBS forecasts a market surplus for palladium, citing increased recycling and weaker consumption in catalytic converters.
- UBS raised its near-term palladium price forecasts, indicating a tighter physical market despite a cautious long-term outlook.
Sources
AI-generated from public news sources. Not financial advice.
