Palladium (XPDUSD) drops 2.47% to $1,324.59 amid profit-taking and strong USD.
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Palladium prices declined by 2.47% to $1,324.59 on September 1, 2026, following a significant rally the previous Friday. The downturn is attributed to profit-taking after the surge and a stronger U.S. dollar, which increased the opportunity cost of holding non-yielding assets like palladium. Additionally, expectations of a market surplus in 2026 have led to downward revisions in price forecasts.
Punti chiave
- Profit-taking after rally: Palladium prices fell 2.47% to $1,324.59 on September 1, 2026, following a significant rally the previous Friday.
- Stronger U.S. dollar: The U.S. dollar's strength increased the opportunity cost of holding non-yielding assets like palladium, contributing to the price decline.
- Market surplus concerns: UBS forecasts a palladium surplus of around 200,000 ounces in 2026, leading to a price target reduction to $1,100 per ounce.
Fonti
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