Palladium Prices

Palladium prices averaged USD 1,415 per troy ounce in November, down 0.4% from October. On 28 November, the commodity traded at USD 1,448 per troy ounce, down 1.2% from 31 October.

Average palladium prices eased slightly in November. That said, the metal’s value fluctuated throughout the month. Prices dipped on the back of the U.S.-China trade truce and after the Fed suggested mid-month there would be no final rate cut by year-end. That said, prices remained among the highest this year amid tight supply, robust safe-haven demand, renewed expectations of a Fed cut near end-November and the launch of palladium futures on China’s Guangzhou Futures Exchange bolstering sentiment.