Palladium is trading at under one-third the price at the 2022 record high. The rare precious metal that primarily comes from Russia and South Africa has been consolidating below $1,000 per ounce ...

Spot palladium was last down 4.3% to $948.93 per ounce. Down 45% so far this year, palladium is on course for its worst year of losses since 2008, when the financial crash hit demand.

Since declining from the March 2022 high of over $3,400 to the August 2024 low of below $815 per ounce, palladium futures settled into a trading range with the price on either side of the $1,000 ...

Palladium prices on Friday rose above $3,000 per ounce for the first time since May 2021 as concerns over supply shortages from top producer Russia mounted, and the war in Ukraine bolstered demand ...

Let's look at some of the biggest benefits of investing in these precious metals. These include: Intrinsic value: Both platinum and palladium are extremely rare assets — both are about 30 times ...

Palladium headed for its biggest gain since March 2020 as the UK government targeted Russian metals — but not palladium — with new sanctions.. The metal that’s mainly used in catalytic ...

Forbes contributors publish independent expert analyses and insights. I write about commodities through a four-decade lens of experience. Russia is the world’s top producer of Palladium and the ...

Prices for palladium rallied following the news, with the December futures contract (PA00) (PAZ24) up $99.20, or 9.3%, to settle at $1,163.90 an ounce on Comex.

Palladium demand has also been pressured in recent years after it became much more expensive than sister metal platinum. Copper $ 5.123 / lb 0.27%. Brent Crude Oil $ 66.8 / bbl -0.01%.

Palladium, which is the preferred metal in gasoline engines, has soared from around $930 an ounce when the Volkswagen scandal broke to a latest price of $1522/oz. Cheaper Than Gold.