Palladium Price Rises Toward USD 999 per Troy Ounce (Tuesday, May 14, 2024)

Yahoo Finance reports that the price of palladium today rose 3.53 percent to USD 999 per troy ounce. This price increase is relatively high compared to the average price movement over the last week.

This week, palladium prices saw their highest surge on Tuesday, May 14, 2024, at 3.53 percent. However, it has weakened by 9.43 percent compared to its year-to-date position.

The current situation is similar to previous palladium price movements, which have been in a downward trend.

Over the past week, palladium prices have grown by 5.44 percent, with an average daily transaction price of USD 975.94 per troy ounce. Compared to the price at the beginning of the year, the palladium price has slowed by 9.43 percent. Indeed, from its highest price this year of USD 1,103 per troy ounce, the palladium price has fallen by 9.43 percent.

Annually, the average trading price of palladium over the past five years has been in a downward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price of palladium commodities was recorded in June 2023 at USD 1,330.04 per troy ounce.