Palladium Price Rises to USD 946 per Troy Ounce (Sunday, August 25, 2024)
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Yahoo Finance reports that the price of palladium today rose 0.37 percent to USD 946 per troy ounce. This price increase is relatively high compared to the average price movement over the past week.
Previously, palladium prices saw their highest surge on Wednesday, August 21, 2024, reaching 2.92 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date (YTD) growth down 14.23 percent.
Current conditions confirm the upward trend in palladium prices over the past two days.
Over the past week, palladium prices have grown by 0.46 percent, with an average daily transaction price of USD 931.89 per troy ounce. Compared to its position 30 days ago, the price of palladium has grown by 5.22 percent. However, from its highest price this year at USD 1,103 per troy ounce, the price of palladium has fallen by 14.23 percent.
Annually, the average trading price of palladium over the past five years has been on a downward trend. Meanwhile, monthly price monitoring shows that transactions over the past 12 months have tended to decrease. The highest average monthly price for palladium was recorded in September 2023 at USD 1,230.32 per troy ounce.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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