Palladium Peaks and Profit Takes: Riding the Three-Year High While Watching Fed Moves Titelbild

Palladium Peaks and Profit Takes: Riding the Three-Year High While Watching Fed Moves

Palladium Peaks and Profit Takes: Riding the Three-Year High While Watching Fed Moves

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This is your Daily Palladium Price Tracker with Vanessa Clark podcast.

Hey friends, welcome to another episode of Daily Palladium Price Tracker. I'm your host Vanessa Clark, and today we're diving into the latest on palladium prices, what's driving the market, and some smart tips to keep you ahead.

Right now, palladium is trading at around 1816 dollars per troy ounce, down about 3 percent from yesterday according to Trading Economics. It dipped from a half-month high near 1958 dollars as investors took profits, but it's still holding near a three-year peak. Over the past month, prices are up over 5 percent, and compared to last year, we're looking at nearly a 100 percent jump. SP Angel reports it at 1760 dollars earlier today, showing some intraday swings, while other spots like Fortune peg it around 1751 dollars.

What's behind this? Safe-haven demand is strong amid bets on Federal Reserve rate cuts after softer US inflation at 2.7 percent year-on-year. But watch out for risks: concerns over Fed Chair Jerome Powell's investigation, escalating tensions in Iran with US tariff threats, and US probes into Russian palladium supply that could tighten things up. On the fundamentals, demand stays robust from catalytic converters in cars, electronics, and even jewelry, though a market surplus might loom by late this year thanks to the EU easing its vehicle bans.

For you listeners, here's your takeaway: if you're eyeing palladium for diversification, consider futures or ETFs for liquidity without storing metal. Track geopolitical news closely, as it fuels volatility, and maybe allocate just 10 to 15 percent of your portfolio to precious metals to hedge inflation without overexposure.

Thanks for tuning in, pals. Subscribe, share with a friend, and catch you next time on Daily Palladium Price Tracker!

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