Palladium traded below $1,230 per ounce, hovering around its late-September level as tensions in the Gulf fueled inflation concerns. Crude oil prices initially surged after Iran attacked US military sites on Sunday, raising market uncertainty, although both sides later agreed to halt hostilities and resume peace talks. Sentiment in the platinum group metals (PGM) market remains pressured by long-term inflation concerns and expectations of a hawkish Federal Reserve, with few traders pricing in three interest rate hikes this year, reducing the appeal of non-yielding assets such as palladium. Meanwhile, the PGM market is expected to post a small surplus. On the demand side, a growing electric vehicles market share reduces long-term demand for palladium used in catalytic converters for internal combustion engine vehicles, as Chinese automakers expand across borders, adding further headwinds.
Palladium rose to 1,268.50 USD/t.oz on July 2, 2026, up 3.68% from the previous day. Over the past month, Palladium's price has fallen 5.19%, but it is still 10.30% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palladium reached an all time high of 3440.76 in March of 2022. Palladium - data, forecasts, historical chart - was last updated on July 2 of 2026.
Palladium rose to 1,268.50 USD/t.oz on July 2, 2026, up 3.68% from the previous day. Over the past month, Palladium's price has fallen 5.19%, but it is still 10.30% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palladium is expected to trade at 1339.74 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 1470.58 in 12 months time.