Palladium Price Rises for Four Consecutive Days

Yahoo Finance reports that the price of palladium today rose 0.59 percent to USD 980 per troy ounce. This price increase is relatively high compared to the average price movement over the past week.

This week, palladium prices saw their highest surge on Monday, January 29, 2024, reaching 1.7 percent. However, trading since the beginning of the year has shown a continuous decline, with a year-to-date (YTD) growth of -11.15 percent.

The current situation continues the downward trend in palladium prices observed over the past four days.

Over the past week, palladium prices grew by 4.93 percent, with an average daily transaction price of USD 958.6 per troy ounce. Compared to its position 30 days ago, the price of palladium has slowed by 19.37 percent. The highest trading value for palladium this year was USD 1,103 per troy ounce, recorded on Monday, January 1, 2024.

Annually, the average trading price of palladium over the past five years has been on a downward trend. Meanwhile, monthly price monitoring shows a downward trend in transactions over the past 12 months. The highest average monthly price for palladium was recorded in February 2023 at USD 1,518.62 per troy ounce.